1. The prevailing price or rate for a product, service, or financial instrument as determined by supply and demand in the open market
The landlord decided to charge market-rate rent for the apartment.
O proprietário decidiu cobrar aluguel à taxa de mercado pelo apartamento.
2. A price or rate that is competitive with and reflective of current market conditions
We offer market-rate salaries to attract qualified employees.
Oferecemos salários à taxa de mercado para atrair funcionários qualificados.