Rate in United Kingdom
Concept of Rate
The following is an old definition of Rate [1], a term which has several meanings:1. Rank, standard; proportion; value, price, amount: as, in rate or rates of fares, rate of exchange (see, in this resource, the term), rating of vessels. Rate means price, value. ” Going rate ” as to freight means an established price for the time
Alternative Meaning
A sum assessed as a tax; in England, a local tax: as, the county, the borough, the poor rate.May apply to the percentage of taxation, or to the valuation of the property. Ratable. ” Ratable estate,” within the meaning of a tax law, is taxable estate. Rates of postage. See Mail.
Resources
Notes and References
- Meaning of Rate provided by the Anderson Dictionary of Law (1889) (Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims and an Exposition of the Principles of Law: Comprising a Dictionary and Compendium of American and English Jurisprudence; William C. Anderson; T. H. Flood and Company, Law Publishers, Chicago, United States)
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