# rates

Pronunciation: say "RAYTS" /ɹeɪts/

## Noun

1. Plural of rate. — plural of rate
   - Simple: Plural of rate. Use this when talking about more than one rate.
   - _Mortgage rates climbed steadily throughout the year._
   - _The clinic charges different rates for each service._
3. Taxes levied by local government, usually charged on the value of property that a person or business occupies. *(Australia, British, Hong Kong, New Zealand)*
   - Simple: Taxes that local government charges, usually based on the value of the property you own.
   - _Homeowners across the borough complained about the rising rates._
   - _Shopkeepers protested when the rates doubled in a single year._
4. Short form of interest rates. *(colloquial)* — Abbreviation of interest rates.
   - Simple: Short form of interest rates. People use it to talk about how much borrowing costs.
   - _The central bank held rates steady at its latest meeting._
   - _Savers welcomed the higher rates on their deposits._

## Verb

2. Third-person singular simple present of rate. — third-person singular simple present indicative of rate
   - Simple: Third-person singular simple present of rate. Use it with he, she, or it.
   - _He rates his employees at the end of each quarter._
   - _The agency rates each bond according to its risk._

Source: DictionaryAI, https://dictionaryai.com/define/rates (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).