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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 ?
"The older laser techniques got a bad name because they had up to a 50% fetal mortality rate within the first 24 hours.
Fish exposed to BPA have passed on reproductive issues to offspring for as many as three generations, including a reduced rate of fertilization and increased fetal mortality rates, while turtles have produced offspring that will likely be unable to reproduce and ensure the continuation of the species.
Diaphragm hernia should be kept in mind in symptomatic patients due to its high maternal and fetal mortality rates.