going rate

Proposed by a contributor, not yet supported by evidence.

Meaning · English

The standard or usual price for something

Nghĩa · Tiếng Việt

giá tiêu chuẩn hoặc thông thường cho một thứ gì đó

Machine-translated — suggest a fix

Literally: current rate of payment
Where it’s used: Used Widespread English

Examples

The going rate for freelance writers is $50 per hour

AI-drafted example auto-approved by rule (illustrative, not a corpus attestation)

Sources & notes

Listed in Wiktionary’s “English idioms” category (retrieved 2026-07-29); definition pending editorial review. Definition drafted by AI (@cf/meta/llama-3.3-70b-instruct-fp8-fast) and auto-approved by rule on 2026-07-31; pending editor spot-check.

Common questions

What does “going rate” mean?

The standard or usual price for something Literally: current rate of payment

Is “going rate” formal or informal?

No register label has been reviewed yet — treat it as neutral and check the usage notes above.