Meaning of “rateable” in the English Dictionary

"rateable" in Business English

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also ratable uk /ˈreɪtəbl/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)