English

rate noun definition in Cost and payment topic from the Oxford Advanced Learner's Dictionary

rate

 noun: Cost and payment topic
[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

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