Definition of «rate»

The term "rate" has several meanings depending on its context. Generally, it refers to a measure or comparison based on a standard unit of measurement. In finance and economics, rate is used to describe interest rates, inflation rates, exchange rates, etc., which indicate the level of something (such as growth, cost, or value) over time. In other fields such as healthcare, "rate" can refer to the frequency of a particular condition or occurrence within a population. Additionally, in physics and engineering, rate refers to the speed at which an event occurs or the change in that event over time.

Usage examples

  1. The interest rate on my mortgage is 3.5%.
  2. Please rate this restaurant on a scale of 1 to 5.
  3. The unemployment rate in the country is currently at 6.2%.
  4. We need to increase the production rate in order to meet the demand.
  5. The exchange rate between the two currencies is 1.5:1.
  6. The customer satisfaction rate for our company is 95%.
  7. The crime rate in the city has decreased by 10% compared to last year.
  8. I will charge an hourly rate of $50 for my consulting services.
  9. The success rate of this treatment is around 80%.
  10. The website has a loading rate of 2 seconds, ensuring fast user experience.

Sentences with «rate»

  • The most important thing to consider is that these loans will probably carry the highest interest rates of all your options. (badcreditloanservices.com)
  • We found his average annual auto insurance rates in these cities to be $ 200 to $ 300 higher than the state average costs. (valuepenguin.com)
  • It's vital that you find the best company that is going to offer you the lowest insurance rates for you and your family. (burialinsuranceplans.org)
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