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- nounrate (noun) · rates (plural noun)
- a fixed price paid or charged for something, especially goods or services:"advertising rates" · "the basic rate of pay"
- the amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation:"you'll find our current interest rate very competitive"
- (rates)(in the UK) a tax on land and buildings paid to the local authority by a business, and formerly also by occupants of private property.
verbrate (verb) · rates (third person present) · rated (past tense) · rated (past participle) · rating (present participle)- assign a standard or value to (something) according to a particular scale:"they were asked to rate their ability at different driving maneuvers" · "the hotel, rated four star, had no hot water and no sink plugs"
- assign a standard, optimal, or limiting rating to (a piece of equipment):"its fuel economy is rated at 25 miles a gallon in the city"
- assess the value of (a property) for the purpose of levying a local tax.
Originlate Middle English (expressing a notion of ‘estimated value’): from Old French, from medieval Latin rata (from Latin pro rata parte (or portione) ‘according to the proportional share’), from ratus ‘reckoned’, past participle of reri.verbBRITISH ENGLISH- variant spelling of ret
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