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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.
ratenoun amount, assessment, charge, cost, expense, fare, fee, hire, magno, obligation, pace, parvo emere, price, quotation, standard, tempo, valuation, value, velocity, worth
Associated concepts: legal rate of interest, rate of exchange
rateverb aestimare, appraise, apprize, assess, class, classify, compute, determine, esteem, estimate, evaluate, figure, fix the price of, gauge, grade, judge, measure, merit, price, quantify, rank, reckon, set a value on, tag, value, weigh
See also: amount, appraise, arrange, assess, assessment, calculate, caliber, charge, classify, cost, criticize, differential, duty, earnings, estimate, evaluate, expense, face amount, frequency, gauge, inveigh, levy, measure, organize, par, pigeonhole, price, quality, rebuke, reprehend, sum, tax, worth
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.