Rate

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Rate

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 ?
These are just some of the myriad issues that arise in computing lowest unit rates. Stations need to be familiar with these rules, and apply them accurately through the lowest unit rate window.
Building permit activity occurred at a 1.674 million unit rate in May, up 2.6 percent from the 1.631 million unit rate for April.
Building permit activity occurred at a 1.706 million unit rate in January, up from the 1.654 million unit rate for December.
Building permit activity rose to a 1.697 million unit rate in January from 1.507 million in December.
Department of Commerce reported that housing starts that the 1.53 million unit seasonally adjusted annual rates in October and it was not really different from the revised 1.532 million unit rate for September.
Department of Commerce reported a 1.712 million unit seasonally adjusted annual rate of housing starts in December, versus a revised 1.598 million unit rate for November.
Department of Commerce reported a 1.61 million unit seasonally adjusted annual rate of housing starts in September, versus a revised 1.67 million unit rate for August.