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.

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.

References in periodicals archive ?
Standard & Poor's Insurance Rating Services, 25 Broadway, New York, New York 10004 (a) Claims-Paying Ability ratings Number of companies rated (% with highest rating): 267 (22%) Rating scale *: AAA, AA+, AA, AA-, A, BBB, BB, B, CCC, CC, C (b) Qualified Solvency ratings (only life insurers that do not have an S&P Claims-Paying Ability rating) Number of companies rated (% with highest rating): 862 (48%) Rating scale: BBBq, BBq, Bq
Box 2923, West Palm Beach, Florida 33402 Number of companies rated (% with highest rating): 1,436 (4%) Rating scale *: A+, A, A-, B, C, D, E, F