rate Hear it!

rate definition - legal

n

  1. A fixed or stated price for a specified unit of a commodity or service, such as  $2 per pound or $9 per hour; a percentage of an amount, such as
  2. percent interest on capital; a relative or proportional value.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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