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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 ?
Using single year-of-age data it is possible to compute cumulated cohort rates for breast cancer within age groups, and cumulated cohort rates for some risk factors.
For example, the proportion of the 1993 cohort included in a benefit peaked between the ages of four and five, while for the 2001 cohort rates of receipt peaked between the ages of one and two, and for the 2005 cohort it appears to have peaked before age one.
This would allow an examination of both period and cohort rates by parity over time.