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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 plasticating time was 36 s, and the instantaneous specific rate for this process was measured at 3.45 kg/(h rpm).
In order to understand why the plasticator operated at a low specific rate, several changes were made to the process.
Rate, kg/hr 272 272 Screw speed, rpm 64 51 Specific rate, kg/(hr rpm) 4.25 5.33 Extrudate temperature, [degrees] C 235 224 Gel showers Yes No
The NYCIRB would continue to develop loss costs based on historical and projected loss experience and carriers would use them as the basis for developing their specific rates.
If scientists could demystify the physics behind that magic, they might discover ways of making drug-laced crystals that disintegrate at specific rates in the body, for instance, or crystals that process photons the way silicon-based chips process electrons, creating a new generation of communication and computing technologies, notes chemist Bruce M.