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rate-reduction

 

Definitions from the Web

Rate Reduction

Description:

Rate reduction refers to the act of reducing or decreasing the rate or percentage of something, such as interest rates, fees, or charges.

Sample Sentences:

  • The bank announced a significant rate reduction on their mortgage loans.
  • By negotiating with the credit card company, she was able to obtain a rate reduction on her monthly interest charges.
  • The government implemented a rate reduction strategy to stimulate economic growth.
  • After analyzing the market, the company decided to offer rate reductions on selected products to attract more customers.

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