GOING RATE Definition

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GOING RATE is an expression that means the cost of the average of suppliers of like products or services. The connotation is that the cost will be "no more expensive than the competition."

Learn new Accounting Terms

EXPENSES are the daily costs incurred in running and maintaining a business. See expenditure.

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

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