less than 1 minute read

Rate

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.

Additional topics

Law Library - American Law and Legal InformationFree Legal Encyclopedia: Purge to Recovered Assets Incentivization Fund (RAIF)