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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 ?
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