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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 case the storage of floodwater is same during different periods of the time, the risk rate can be sorted as follows:
The rate at which the income stream is discounted may be a market rate or a risk rate. If it is a risk rate, the implication is that the effect on the equity and debt is accounted for by the rate differential (i.e., difference between the market rate as if unimpaired and the risk rate under the impaired condition).
The base rates and assigned risk rates became effective Jan.
Workers' Compensation: Nevada employer workers' compensation rates could drop in 2017 after Insurance Commissioner Barbara Richardson approved a 10.7% average cut in voluntary loss costs and a 10.5% cut in assigned risk rates effective March 1.
The figures showed Knowsley had eviction risk rates more than one-and-a-half times the national average.