Rate - A value describing one quantity in terms of another quantity. |
1 Most commonly used to describe the change of a value from one time period to another, such as the percentage change of a figure from month-to-month or year-to-year.
2 May also be used in reference to the amount needed of one currency to convert it into another (the exchange rate).
3 Additionally, the term could be used to describe the percentage of a sum of money owed or earned, such as an interest rate.
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