the going rate (for something)(redirected from going rate for)
the going rate (for something)
The typical cost of something. What's the going rate for a new heating system? Ours is on the fritz. A: "$200 seems pretty steep for such a small repair!" B: "That's the going rate, I'm afraid."
the current rate or the current charges for something. The going interest rate for your account is 10 percent. Our babysitter charges us the going rate.