English

Definition of rate noun from the Oxford Advanced Learner's Dictionary

      

    rate

     noun
    noun
    BrE BrE//reɪt//
     
    ; NAmE NAmE//reɪt//
     
    Cost and payment, Buying a home
     
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  1. 1  [countable] a measurement of the speed at which something happens Most people walk at an average rate of 5 kilometres an hour. The number of reported crimes is increasing at an alarming rate. Figures published today show another fall in the rate of inflation. At the rate you work, you'll never finish!
  2. 2  [countable] a measurement of the number of times something happens or exists during a particular period Local businesses are closing at a/the rate of three a year. a high/low/rising rate of unemployment the annual crime/divorce rate His pulse rate dropped suddenly. a high success/failure rate see also birth rate, death rate
  3. 3[countable] a fixed amount of money that is charged or paid for something advertising/insurance/postal, etc. rates a low/high hourly rate of pay We offer special reduced rates for students. a fixed-rate mortgage (= one in which the amount of money paid back each month is fixed for a particular period) the basic rate of tax (= the lowest amount that is paid by everyone) exchange/interest rates rates of exchange/interest see also base rate, flat rate, rack rate Synonymsratecharge fee rent fine fare toll rentalThese are all words for an amount of money that is charged or paid for something.rate a fixed amount of money that is asked or paid for something:a low hourly rate of pay interest ratescharge an amount of money that is asked for goods or services:an admission chargefee (rather formal) an amount of money that you have to pay for professional advice or services, to go to a school or college, or to join an organization:legal fees an annual membership fee rent an amount of money that you regularly have to pay for use of a building or room. In American English, rent can be used to mean rental:The weekly rent on the car was over $300.fine a sum of money that must be paid as punishment for breaking a law or rule:a parking finefare the money that you pay to travel by bus, plane, taxi, etc.toll an amount of money that you have to pay to use a particular road or bridge.rental an amount of money that you have to pay to use something for a particular period of time.rent or rental?In British English rent is only money paid to use a building or room: for other items use rental. In American English rent can be used for both, but rental is still more common for other items.Patterns (a) rate/​charge/​fee/​rent/​fine/​fare/​toll/​rental for something (a) rate/​charge/​fee/​rent/​toll/​rental on something at a rate/​charge/​fee/​rent/​fare/​rental of… for a charge/​fee to pay (a) rate/​charge/​fee/​rent/​fine/​fare/​toll/​rental to charge (a) rate/​fee/​rent/​fare/​toll/​rental See related entries: Cost and payment
  4. 4rates [plural] (in Britain) a tax paid by businesses to a local authority for land and buildings that they use and in the past also paid by anyone who owned a house Synonymstaxduty customs tariff ratesThese are all words for money that you have to pay to the government.tax money that you have to pay to the government so that it can pay for public services:income tax tax cutsduty a tax that you pay on things that you buy, especially those that you bring into a country:The company has to pay customs duties on all imports. customs tax that is paid when goods are brought in from other countriestariff a tax that is paid on goods coming into or going out of a country, often in order to protect industry from cheap imports:A general tariff was imposed on foreign imports.rates (in Britain) a tax paid by businesses to a local authority for land and buildings that they use, and in the past also paid by anyone who owned a house:Business rates are very high in the city centre.Patterns (a) tax/​duty/​tariff/​rates on something to pay an amount of money in tax/​duty/​customs/​rates to pay (a) tax/​duty/​customs/​tariff/​rates to collect taxes/​duties/​rates to increase/​raise/​reduce taxes/​duty/​tariffs/​rates to cut taxes/​duties/​rates to impose a tax/​duty/​tariff to put a tax/​duty on something see also first-rate, second-rate, third-rate See related entries: Buying a home
  5. Word Origin late 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.Extra examples Ask about the special group rates for entrance to the museum. Borrowers want protection against rising interest rates. Calls are cheap rate after 6 p.m. Educating girls has the effect of lowering birth rates. Exchange rates are fluctuating wildly. Global banks have pegged interest rates at 1%. I pay the top rate of tax. I’ll pay you at the going rate. Medical students had a high dropout rate. Michigan’s high-school graduation rate Mortgage rates jumped to 15%. Standard rates of interest apply to these loans. The US has doubled its rate of recycling in ten years. The account offers a poor rate of interest. The costs of the project are rising at an alarming rate. The deficit has recently exceeded the peak rates of the 1980s. The seasonally-adjusted unemployment rate in December stood at 5%. The water was escaping at a rate of 200 gallons a minute. Their hourly rates have gone up. There is a low survival rate among babies born before 22 weeks. They charge the usual rate of interest. We have a wide range of vehicles available for hire at competitive rates. We need to eat less as we get older and our metabolic rate slows down. We will hold these rates until 1 April. You can opt to pay a flat rate for unlimited Internet access. a one-point rise in base lending rates an increase in the rate of taxation anxiety over rising divorce rates borrowing money at a high rate of interest credit companies that charge extortionate rates of interest current market rates for borrowing how to calculate your resting metabolic rate safe investments which give a good rate of return the accident rate per 10 000 flight hours the average rate for an unskilled worker the rate of salmonella infections the slow rate of change trying to hold down the rate of inflation At the rate you’re working, you’ll never finish! Local businesses are closing at the rate of three a year. The bank has announced a cut in interest rates. The bank offered us a fixed-rate mortgage The birth rate was falling during this period. The glossy magazines charge very high advertising rates. The job has a very low hourly rate of pay. There has been a fall in the rate of inflation. They are on the basic rate of tax. We were forced to borrow the money at an extortionately high rate of interest. What is the going rate for bar work? a high success/​failure rate the annual crime/​divorce rateIdioms
    1. 1used to say that a particular fact is true despite what has happened in the past or what may happen in the future Well, that's one good piece of news at any rate. I may be away on business next week but at any rate I'll be back by Friday.
    2. 2used to show that you are being more accurate about something that you have just said He said he'll be coming tomorrow. At any rate, I think that's what he said.
    3. 3used to show that what you have just said is not as important as what you are going to say There were maybe 60 or 70 people there. At any rate, the room was packed.
    (British English, informal) very quickly She's getting through her winnings at a rate of knots. (informal) used to say what will happen if a particular situation continues to develop in the same way At this rate, we'll soon be bankrupt.
    the going rate (for something)
     
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    the usual amount of money paid for goods or services at a particular time They pay slightly more than the going rate.
See the Oxford Advanced American Dictionary entry: rate