tiered-rate
|tiered/rate|
B2
🇺🇸
/tɪrd reɪt/
🇬🇧
/tɪəd reɪt/
variable pricing
Etymology
Etymology Information
'tiered-rate' originates from the combination of 'tiered,' meaning arranged in layers or levels, and 'rate,' referring to a fixed price or charge.
Historical Evolution
The concept of 'tiered-rate' evolved from the need to create flexible pricing models that accommodate varying levels of consumption.
Meaning Changes
Initially, it meant 'a rate based on levels,' and this meaning has largely remained the same in modern usage.
Meanings by Part of Speech
Noun 1
a pricing structure where the cost varies based on different levels or tiers of usage or consumption.
The company offers a tiered-rate for its internet services, charging more for higher data usage.
Synonyms
Antonyms
Last updated: 2025/01/26 20:17