What Does "Going Rate" Mean?
"Going rate" is an English idiom. It means "the current or prevailing price or charge for a particular product or service."Examples in Sentences
Here are three examples of the idiom "going rate" used in a sentence:- She wanted to know the going rate for renting a vacation cabin in the area.
- He researched the going rate for graphic design services to determine a fair price for his work.
- They compared the going rate for smartphones from different manufacturers before making a purchase.
What Is an Idiom?
An idiom is a commonly used expression whose meaning does not relate to the literal meaning of its words. In other words, if you were to translate "Going Rate" word for word, there is no guarantee the translation would help you to understand the meaning.An idiom often includes a cultural or historical context that makes it difficult for non-native English speakers to understand. A phrase is classified as an idiom when a direct translation of the words does not reveal the meaning. Most idioms rely on shared knowledge or experiences known only to a specific community.
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