rate

/reit/
Noun
  1. a quantity or amount or measure considered as a proportion of another quantity or amount or measure
    • the literacy rate
    • the retention rate
    • the dropout rate
  2. the relative speed of progress or change
    • he lived at a fast pace
    • he works at a great rate
    • the pace of events accelerated
  3. amount of a charge or payment relative to some basis
    • a 10-minute phone call at that rate would cost $5
  4. a magnitude or frequency relative to a time unit
    • they traveled at a rate of 55 miles per hour
    • the rate of change was faster than expected
Verb
  1. estimate the value of
    • How would you rate his chances to become President?
    • Gold was rated highly among the Romans
  2. be worthy of or have a certain rating
    • This bond rates highly
  3. assign a rank or rating to
    • how would you rank these students?
    • The restaurant is rated highly in the food guide

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rate
The literacy rate in the region has improved significantly.