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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 ?
In the last decade, death rates were on a decline but increased in the next six years.
"We only have data for two years of the Trump Administration where the annual death rate is 2.9 percent....
But they should be - as the latest stats show that death rates in men for melanoma skin cancer outstrip those for women.
The prostate cancer death rate fell by half over two decades, but experts have been wondering whether the trend changed after a 2011 decision by the U.S.
For this reason, the first step to calculating the estimated death rate by county was to project what the figures would be if all deaths were reported.
drug death rate has been climbing rapidly most years since at least 2007.
And the disparities in some populations are troubling, according to the study: Stroke death rates rose by 6 percent in the Hispanic population every year 2013-2015, data show.
The death rate involving cocaine increased between 1999 and 2006, while fatalities involving benzodiazepines jumped in 2000-2009.
See also: 5 states where the Alzheimer's death rate soared
DEATH rates following a hospital admission at the weekend are higher than during the week only because fewer patients are admitted and they tend to be more unwell - skewing the figures, according to a new study.
(A rate of 7.9 per 1000 person-years means about 8 of every 1000 people died every year.) Statistical analysis comparing smokers with nonsmokers determined that smokers had a twice higher death rate (mortality rate ratio 1.94) (Figure 1).