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 ?
Rat has become a valuable source of income for the poor 'Adivasi' tribal people who struggle to make ends meet working in Assam's famed tea gardens.
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The Mayor saw a rat on his historical-designated street of Orchard Parkway three years ago.
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Students will create an edible "rat" and then eat it as a snack.
The first defence against a rat infestation is to proof your home.
As many pet rat owners know, rats are highly social animals, says study coauthor Inbal Ben-Ami Bartal, a psychologist at the University of Chicago.
Writer Mil Scott and her husband, who had rescued their first rat, Molly, in 2005,is now sharing their Washington, N.J., home with 11 rats.