Rates: meaning, definitions and examples

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rates

 

[ reɪts ]

Noun / Verb
Context #1 | Noun

financial

Rates refer to the cost or price of borrowing money, typically expressed as a percentage over a specific period of time. They can also refer to the price of services or goods offered by a business.

Synonyms

charges, fees, prices

Examples of usage

  • The bank offers competitive rates for mortgages.
  • The interest rates have been steadily increasing over the past year.
  • Our company is considering raising our rates for our services.
Context #2 | Noun

statistics

In statistics, rates are used to measure the frequency or occurrence of an event within a specific population. They are often expressed as a ratio, proportion, or percentage.

Synonyms

percentages, proportions, ratios

Examples of usage

  • The mortality rate in the region has decreased significantly.
  • The unemployment rate is a key indicator of the country's economic health.
Context #3 | Verb

evaluate

To rate something means to assign a value or score to it based on a set of criteria. It can also refer to judging or assessing the quality or worth of something.

Synonyms

assess, evaluate, judge

Examples of usage

  • I would rate this movie as a 9 out of 10.
  • She is rated as one of the top performers in the company.

Translations

Translations of the word "rates" in other languages:

🇵🇹 taxas

🇮🇳 दरें

🇩🇪 Raten

🇮🇩 tarif

🇺🇦 ставки

🇵🇱 stawki

🇯🇵 料金

🇫🇷 taux

🇪🇸 tasas

🇹🇷 oranlar

🇰🇷 요율

🇸🇦 أسعار

🇨🇿 sazby

🇸🇰 sadzby

🇨🇳 费率

🇸🇮 stopnje

🇮🇸 gjöld

🇰🇿 ставкалар

🇬🇪 ტარიფები

🇦🇿 faiz dərəcələri

🇲🇽 tasas

Etymology

The word 'rates' has its origins in Middle English, derived from the Old French word 'rata', which means 'fixed amount'. The concept of rates has been integral to commerce and finance throughout history, with the practice of borrowing money at an agreed-upon rate dating back centuries. In modern times, rates play a crucial role in various fields such as economics, statistics, and business.

See also: berate, overrate, overrated, rate, rated, rating, ratings, underrate, underrated, underrating.

Word Frequency Rank

With position #485, this word is vital for basic English fluency. It appears very frequently in everyday language and should be among the first words you learn and actively use.