what is rate contract
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Rate contract A Rate Contract or a Rate Agreement (RC in short) is a procurement cost reduction strategy aimed at standardizing procurement prices for commonly procured, homogenous and price varying inputs.Contents.ost the setup of a rate contract, a definitive monitoring mechanism must be set up. Such a monitoring mechanism needs to be done centrally by the organization and involves-monitoring of offtake by supplier, monitoring of non-RC offtake and monitoring of supplies and periodic quality audits.
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rate (reɪt) n. 1. a quantity or amount considered in relation to or measured against another quantity or amount: a rate of 70 miles an hour. 2. (Commerce) a. a price or charge with reference to a standard or scale: rate of interest; rate of discount. b. (as modifier): a rate card.
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Spot contract Spot contract. In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.
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- A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another.The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.he main determining factors of freight rate are: mode of transportation (truck, ship, train, air craft) weight, size, distance, points of pickup and delivery, and the actual goods being shipped. One of the earliest forms of freight transportation was by water.
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rate A value describing one quantity in terms of another quantity. A common type of rate is a quantity expressed in terms of time, such as percent change per year. “ As the rate of pay for minimum wage rises, so does cost of living expenses such as electric, oil, gas for a car, rent, food and other necessities. ”.
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pay rate 1. rate of pay-amount of money received per unit time; women's pay rate is lower than men's. pay rate. time and a half-a rate of pay that is 1.5 times the regular rate; for overtime work. charge per unit, rate-amount of a charge or payment relative to some basis; a 10-minute phone call at that rate would cost $5.
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How to Understand an Interest-Rate Swap Interest-rate swaps are agreements for two parties to exchange payments on a certain principal, or loan balance amount. These complex agreements help two parties hedge, or manage, their interest-rate risks. Interest-rate risks relate to shifts in interest rates that adversely affect your bottom line.nterest-rate swaps are agreements for two parties to exchange payments on a certain principal, or loan balance amount. These complex agreements help two parties hedge, or manage, their interest-rate risks. Interest-rate risks relate to shifts in interest rates that adversely affect your bottom line.
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- Cost-plus redirects here. For the pricing technique, see cost-plus pricing. A cost-plus contract, also termed a cost reimbursement contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.ost-plus redirects here. For the pricing technique, see cost-plus pricing. A cost-plus contract, also termed a cost reimbursement contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.
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- Definition of COMMODITY RATE. : a common carrier rate distinguished from a class rate and applicable only to a specific commodity or group of related commodities carried between specific points or territories. ADVERTISEMENT. a common carrier rate distinguished from a class rate and applicable only to a specific commodity or group of related commodities carried between specific points or territories.
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forward contract Forward contract. A forward contract is similar to a futures contract in the sense that both types of contracts cover the delivery and payment for a specific commodity at a specific future date at a specific price.n agreement to buy or sell an asset at a certain date at a certain price. That is, Investor A may make a contract with Farmer B in which A agrees to buy a certain number of bushels of B's corn at $15 per bushel. This contract must be honored whether the price of corn goes to $1 or $100 per bushel.
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rate Definition of rate for English Language Learners. : 1  the speed at which something happens over a particular period of time. : 2  the number of times something happens or is done during a particular period of time. : 3  an amount that is paid : a price or amount to be paid that is set according to a scale or standard.
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Freight rate From Wikipedia, the free encyclopedia. A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another.rom Wikipedia, the free encyclopedia. A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another.
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- The Agreement rate is a cap, or maximum amount allowed to be billed. The Contractor shall only bill for actual allowable fringe benefit expenses incurred for the Contractor’s employees working on the Agreement, calculated as a percentage of labor rates, up to the Agreement fringe benefit rate cap.
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Bill Rate vs. Pay Rate Pay Rate. The Pay Rate is the amount being paid to the contingent worker by the staffing agency. Pay Rates are the largest component of the Bill Rate, and plays a significant role in retention, resource quality, and time to fill.The Pay Rate is the #1 factor for enabling a supplier to recruit a resource and provide great service.arkups are generally applied as a percentage on top of the Pay Rate. Markups can be considered to have three elements: 1  Pass through costs that adjust over the contract (employment taxes). 2  Fixed Pass through costs (agreed to costs like worker’s comp, insurance etc).
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Forward Rate Agreement YES NO 5 people found this helpful. “ FORWARD RATE AGREEMENT An over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date.he contract will determine the rates to be used along with the termination date and notional value. On this type of agreement, it is only the differential that is paid on the notional amount of the contract.
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- Definition of term rate. : the reduced rate that applies to a term policy.
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Derivative (finance) The interest rate on the loan reprices every six months. The corporation is concerned that the rate of interest may be much higher in six months. The corporation could buy a forward rate agreement (FRA), which is a contract to pay a fixed rate of interest six months after purchases on a notional amount of money.
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What's the definition of unit rate? Answers. Best Answer: A rate is a ratio that is used to compare different kinds of quantities. A unit rate describes how many units of the first type of quantity corresponds to one unit of the second type of quantity. Some common unit rates are miles (or kilometers) per hour, cost per item, earnings per week, etc.
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Dandruff is Caused by Scalp Fungus! Alternatively you could also use Head and Shoulder’s shampoo (zinc is the active ingredient). The key is leaving it on your scalp overnight as the selenium or zinc will actually kill this fungus. However if you eliminate the fungus you still need to correct the reason why they chose your scalp to invade and multiply. Typically that is related to an imbalance in the fats you are eating. Dandruff, as well as other dry-skin conditions, can often be a sign that you have a fatty acid imbalance.
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What is a Contract Rate? Contract Rate. The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond.In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.emember, the contact rate is the amount of interest paid or received in cash for a bond or note. This is not the necessarily the interest expense recorded on the books. Interest expense is calculated based on the market rate of interest.
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Interest rate futures An interest rate futures contract is a futures contract, based on an underlying financial instrument that pays interest. It is used to hedge against adverse changes in interest rates.or example, if a futures contract has an implied interest rate of 5.00%, the price of that contract will be 95.00. The calculation of the profit or loss on a futures contract is derived as follows:
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Option contract An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract. Consideration for the option contract is still required as it is still a form of contract, cf. Restatement (Second) of Contracts § 87(1). Typically, an offeree can provide consideration for the option contract by paying money for the contract or by providing value in some other form such as by rendering other performance or forbearance.
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What is a 'Forward Rate Agreement - FRA' What is a 'Forward Rate Agreement - FRA'. A forward rate agreement (FRA) is an over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date. The FRA determines the rates to be used along with the termination date and notional value.
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- 1 A labor rate is the cost of labor that is used to deriving the costs of various activities or products within a business. 2  Price based. 3  A labor rate is the rate charged to customers for services performed by company employees.
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= unit rates a rate is a ratio that is used to compare different kinds of quantities a unit rate describes how many units of the first type of quantity corresponds to one unit of the second type of quantity
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Economics Rate of exchange – Is the term used for the rate at which one currency (or commodity) can be exchanged for another. Rate of inflation - The percentage increase in the level of prices over a 12-month period. Rate of profit Total profit – Profit as a proportion of the capital employed.