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English definition of “rateable”

rateable

adjective (also ratable)     /ˈreɪtəbl/
INSURANCE a rateable part of a payment is the amount that can be charged to someone else : Where appropriate a ratable proportion of the claim may be recovered direct from other insurers .
TAX able to be taxed : The government currently views fibre-optic cable as a rateable asset that businesses should pay tax on.
(Definition of rateable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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