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Meaning of “rateable” in the English Dictionary

"rateable" in Business English

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rateableadjective

(also ratable) uk   us   /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 ​recovereddirect from other ​insurers.
TAX able to be ​taxed: The ​governmentcurrently views fibre-optic ​cable as a rateable ​asset that ​businesses should ​paytax on.
(Definition of rateable from the Cambridge Business English Dictionary © Cambridge University Press)
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“rateable” in Business English

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