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Noun: rates  reyts
Usage: Brit
  1. A local tax on property (usually used in the plural)
    "responsible for the highness of the rates"
Noun: rate  reyt
  1. A magnitude or frequency relative to a time unit
    "they travelled at a rate of 55 miles per hour"; "the rate of change was faster than expected"
     
  2. Amount of a charge or payment relative to some basis
    "a 10-minute phone call at that rate would cost $5";
    - charge per unit
     
  3. The relative speed of progress or change
    "he works at a great rate";
    - pace
     
  4. A quantity or amount or measure considered as a proportion of another quantity or amount or measure
    "the literacy rate"; "the retention rate"; "the dropout rate"
Verb: rate  reyt
  1. Assign a rank or rating to
    "The restaurant is rated highly in the food guide";
    - rank, range, order, grade, place
     
  2. Be worthy of or have a certain rating
    "This bond rates highly"
     
  3. Evalulate how important or likely something is
    "Gold was rated highly among the Romans"; "How would you rate his chances to become President?";
    - value

Type of: appraise, assess, be, charge, evaluate, judge, magnitude relation, measure, pass judgment, proportion, quantitative relation, revenue enhancement, scope, tax, taxation, temporal property, valuate, value

Encyclopedia: Rates

Rate