effective rate
noun[C]
ukusFINANCE
anactualrateafter everything has beenconsidered,ratherthan aratethat isplanned,offered, etc.:
Smallbusinessesshouldbenefitfrom areductionin theeffectiverateof capital-gainstax.
Thebuildingsocietywillknock1.25% offitsstandardvariablerate, giving aneffectiverateof 4.34%, forhousesbuilttoenergy-efficientcriteria.