Legal Definition and Related Resources of Rate

A tax or a sum of money assessed in respect of the enjoyment or occupation of real property in proportion to its value . It is a form of municipal taxation levied on property owners within the limits of that municipality . The unit cost of a commodity or service such as the rate for public utilities. The ratio for the assessment of property taxes. Also, the proportion which a given fact or event bears to the total of relevant facts or events involved. Proportional or comparative amount or degree. A fixed measure of estimation.

verb

• aestimare
• appraise
• apprize
• assess
• calculate
• class
• classify
• compute
• determine
• esteem
• estimate
• evaluate
• figure
• fix the price of
• gauge
• grade
• judge
• measure
• merit
• price
• quantify
• rank
• reckon
• set a value on
• tag
• value
• weigh

noun

• amount
• assessment
• charge
• cost
• expense
• fare
• fee
• hire
• magno
• obligation
• pace
• parvo emere
• payment
• price
• quotation
• standard
• tempo
• valuation
• value
• velocity
• worth
• Associated Concepts: legal rate of interest
• rate of exchange

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Rate in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Rate in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Rate in the Legal Abbreviations and Acronyms Dictionary.

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Definition of Rate

The Canada social science dictionary [1] provides the following meaning of Rate: When studying crime, if a researcher wishes to compare the amount of crime over time or between communities of different sizes, it is not adequate to do a gross count of the amount of crime because the population basses may be different. To get around the problems involved with this, criminologists calculate crime rates (or incarceration rates, conviction rates, recidivism rates). This is done by dividing the amount of crime by the population size and multiplying by 100,000. This produces a rate per 100,000, but occasionally it is useful to calculate a rate per million or some other figure.

Rate: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) Rate. Online dictionary of the social sciences. Open University of Canada