contractual rate

USAGE SUMMARY

The phrase "contractual rate" is correct and usable in written English.
It can be used in contexts related to agreements, contracts, or financial terms where a specific rate is established between parties. Example: "The service provider will charge a contractual rate of $100 per hour for their services."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

ESPN benefited from contractual rate increases from cable providers and higher advertising sales, although programming costs also climbed.

The New York Times

"These are particular personal loan balances and the interest amounts applied by Link are charged at the pre-existing contractual rate and up to the maximum amount that would have been charged by the original lender had you not defaulted".

The Guardian - Money

Lately, cable and satellite companies have tried to pay less to carry these networks, given the decline in subscribers — but the sports teams are set to receive contractual rate increases every year.

The New York Times

In Media Networks, the company expects cable programming expenses to be up mid-single digits, driven primarily by contractual rate increases for sports rights at ESPN.

Forbes

The contractual rate paid through Medicaid is extremely low, so the hospital had every incentive to discharge me as soon as possible.

Johns Hopkins University

Cyclical properties like railroads, even with monthly car loadings down 18%, are benefiting from lower cost diesel fuel, contractual rate increases and declining labor expense.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Residents can arrange for personal services as needed, under contractual rates arranged with the Mayfair.

The New York Times

But §203(c) could just as (in fact, more) easily be read as referring to §203(a)'s express exemption of connecting carriers, §§201(b) & 211's authorization of services between carriers pursuant to contractual rates, §332(c)(1)(A)'s exemptions for mobile carriers, and other express statutory exemptions from filing requirements.

Cornell University

That's not enough though, and in a desperate measure in August 2000, DHS introduced an "emergency" program to pay per diem, non-contractual rates to landlords to shelter homeless people night-by-night in what they called "scatter-site" shelters.

Vice

The lawyers are to be paid the lesser of the percentage contingency fee or the actual documented expenses, with a multiple of up to four times the law firm's contractual hourly rate to compensate for the risk of winning nothing.

Forbes

"As a result of Swansea refusing to pay our invoices, I have reported them to the Premier League, sought an immediate transfer embargo and am now seeking full payment of all outstanding sums with the agreed contractual interest rate of 5% above base".

BBC

Expert writing Tips

Best practice

When discussing financial agreements, clearly specify the "contractual rate" and the conditions under which it applies to avoid ambiguity.

Common error

Avoid using "contractual rate" interchangeably with market rate. The "contractual rate" is fixed by an agreement, while the market rate fluctuates.

Linguistic Context

The phrase "contractual rate" functions as a noun phrase where the adjective "contractual" modifies the noun "rate". It specifies that the rate is determined by a contract, defining a legally binding financial term. Ludwig AI confirms that the phrase is valid and commonly used in the contexts mentioned below.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Academia

20%

Science

15%

Less common in

Wiki

5%

Encyclopedias

5%

Formal & Business

5%

Ludwig's WRAP-UP

The phrase "contractual rate" is a grammatically correct and professionally appropriate term referring to a rate established by a contract. Ludwig AI confirms its usability, and it frequently appears in news, academic, and business contexts. While less common than some alternative phrases, understanding the "contractual rate" is crucial in legal and financial discussions as it clearly defines legally binding financial terms, so it's important not to confuse it with market rates. Related phrases like "agreed-upon rate" and "stipulated rate" can be used depending on the specific nuance you want to convey.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

agreed-upon rate

Replaces "contractual" with "agreed-upon", emphasizing the mutual agreement on the rate.

stipulated rate

Uses "stipulated" instead of "contractual", highlighting that the rate is explicitly stated in the agreement.

specified rate

Emphasizes that the rate is precisely defined in the contract, using the word "specified".

fixed contractual fee

Changes "rate" to "fee" and adds "fixed" to emphasize a non-negotiable amount outlined in the contract.

contractually obligated payment

Shifts the focus to the payment itself, emphasizing the legal obligation arising from the contractual rate.

legally binding rate

Replaces "contractual" with "legally binding", stressing the legal enforceability of the rate.

official rate

It emphasizes that the rate is the established rate according to an official agreement.

predetermined price

Offers a broader term by referring to the "price" being prearranged by contract.

contract-based rate

Reorders the phrase and uses "contract-based" instead of "contractual" for variety.

rate as per contract

Clarifies that the rate is determined according to the terms of the contract.

FAQs

How is a "contractual rate" determined?

A "contractual rate" is determined by an agreement or contract between two or more parties, outlining the specific rate for goods, services, or other obligations.

What happens if the market rate differs from the "contractual rate"?

The "contractual rate" remains in effect regardless of market fluctuations, as it's a legally binding agreement. The market rate does not influence the agreed terms unless the contract has clauses about it.

What are some alternatives to using the phrase "contractual rate"?

You can use alternatives like "agreed-upon rate", "stipulated rate", or "specified rate" depending on the context.

Is a "contractual rate" legally binding?

Yes, a "contractual rate" is legally binding as it's part of a contract. All parties involved are obligated to adhere to the agreed-upon rate.