Rates Meaning: Definition, Examples, and Translations
๐น
rates
[reษชts ]
Definitions
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
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| rates |
Use 'rates' when referring to fixed prices or costs usually calculated on a periodic basis, such as daily, monthly, or annually. Common in industries like banking, insurance, and utilities.
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| charges |
Use 'charges' when discussing financial amounts that need to be paid for services or goods. Often used in a more transactional context.
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| prices |
Use 'prices' when talking about the amount of money asked for or paid for goods and services. Commonly used in retail and general contexts.
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| fees |
Use 'fees' when referring to money paid for professional services or membership. Often associated with formal services like legal advice, education, or club memberships.
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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.
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.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| rates |
Used to refer to the speed, frequency, or cost at which something happens. It often applies to economic or statistical data.
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| percentages |
Best used when expressing a fraction or a part of a whole in terms of hundredths. It is often employed in finance, statistics, and everyday numerical data.
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| proportions |
Typically used to denote a part or share of a whole, often in terms of how things relate to one another in size or amount.
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| ratios |
Used to show the relationship between two quantities, indicating how many times one value contains or is contained within the other. Useful in mathematics, finance, and day-to-day comparisons.
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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.
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
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| rates |
Typically used in the context of assigning a score or value to something, often numerically. This can be in product reviews, academic grading, or service assessments.
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| evaluate |
Commonly used in academic or professional environments where a detailed analysis is performed to determine the value, quality, or effectiveness of something.
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| assess |
This word is often used in formal or professional settings to refer to the act of evaluating the quality, importance, or significance of something, usually through careful examination and judgment.
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| judge |
Typically used to describe forming an opinion or conclusion about someone or something. This word can have a negative connotation if it implies making hasty or unfair decisions.
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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
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Interest rates are the extra money you pay when you borrow money, frequently changing based on the economy.
- Exchange rates tell you how much one country's money is worth compared to another's, affecting international trade.
- Inflation rates measure how fast prices rise, impacting what we can buy with the same amount of money over time.
Statistics
- Rates can be expressed as percentages, showing how many out of every hundred of something happen.
- In statistics, rates help compare different groups, helping researchers find trends and patterns in data.
- Mortality rates give important insights into health trends, showing how many people die in a specific population over time.
Pop Culture
- Ratings on movies and TV shows indicate their popularity, influencing what people choose to watch.
- User-generated ratings on apps and websites help consumers decide how useful or good a product or service is.
- Online platforms like Yelp use star ratings to show the quality of restaurants and services based on customer feedback.
Education
- Schools often use rates to determine students' grades, comparing scores to show improvement or achievement.
- Attendance rates in schools reveal how many students are present, affecting funding and resources.
- Graduation rates inform communities about how many students complete their education successfully.
Health
- Vaccination rates indicate how many people in a population have received immunizations, crucial for public health.
- Obesity rates detail the percentage of individuals considered overweight, crucial for addressing health issues.
- Rates of diseases like diabetes or heart disease show healthcare effectiveness and help direct treatment strategies.
Origin of 'rates'
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.