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Value, measure, or degree; a charge, payment, or price determined through the application of a mathematical formula or based upon a scale or standard.

For example, an interest rate is determined by the ratio between the principal and interest.

Rate is also used synonymously with tax.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

RATE. A public valuation or assessment of every man's estate; or the ascertaining how much tax every one shall pay. Vide Pow. Mortg. Index, h.t.; Harr. Dig. h.t.; 1 Hopk. C. R. 87.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
19 h after yeast injection, the MEFR was administered orally at doses of 100, 200 and 300 mg/kg body wt.
Interfax reported today that Metafrax (MEFR RX) BoD chairman Armen Garslyan announced the company will consolidate its interests in MetaDynea (now 50%) and Karbodin LLC (now 45%) to 100%.
MEFR RX Metafrax switched to IFRS to prepare its financial reporting.