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English definition of “rate”

rate

noun [C] (PAYMENT)    /reɪt/
B2 an amount or level of payment : We agreed a rate with the painter before he started work . What's the going (= standard ) rate for this type of work ? Do you pay your mortgage on a fixed or variable rate?General words for amounts of moneyLarge amounts of moneySmall amounts of money
(Definition of rate noun (PAYMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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