Top definition
Flat rate is a method of payment used by auto manufactures, dealerships and independent repair facilities whereby every repair has an assigned time value. Better technicians prefer to be paid this way as it rewards experience and speed. Also commonly known as book time.
Wow Pete did I just see you replace that engine in just a few hours? Sure did Joe. I beat the shit out of "Flat Rate" by doing it in 5 hours! My next paycheck is gonna be huge!
by Self made man November 02, 2013
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