Rate
/reɪt/
Definitions
- (n.) A fixed price or charge for a service or commodity.
The interest rate on the loan is 5%.
- (n.) The quantity, amount, or degree of something measured per unit of time or per other standard measure.
The birth rate has decreased over the years.
- (v.) To assign a standard or value to something according to a specific scale or system.
The court rates the damages as substantial.
Forms
- rates
- rated
- rating
See also
Commentary
In legal contexts, 'rate' often refers to an established measure for fees, taxes, or penalties and should be defined explicitly to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.