"Renewal rate" refers to the percentage of customers or subscriptions that decide to continue using a product or service for an extended period of time. It measures the rate at which customers choose to renew or extend their commitment to a company or its offerings.
Full definition
Similar and related words and phrases are presented below.
«renewal»
«rate»
Related phrases
Phrases with «renewal rate»
Sentences with «renewal rate»
- Similar to car insurance rates, expect higher renewal rates for newer or more valuable vehicles. (rocketlawyer.com)
- The company boasts a contract renewal rate of 95 % for the last two decades. (fool.ca)
- First premiums will be level until age 100 so you don't have to deal with sky high renewal rates. (briansoinsurance.com)
- (see all
sentences)