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 classic literature ?
We will do our best, at any rate. It's an awkward time just now to command an absolutely clear line, but if we can once get you past Crewe you'll be all right.
At any rate, whether we expect another invasion or not, our views of the human future must be greatly modified by these events.
At any rate, it was a harmless eccentricity, and may the god of gales, who took him away so abruptly between New Zealand and the Horn, let his soul rest in some Paradise of true seamen, where no amount of carrying on will ever dismast a ship!