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rates

/ɹeɪts/

When used as a noun, "rates" often refers to money (like hotel rates) or speed/frequency (like birth rates). In these cases, it is usually plural when talking about different types of pricing. As a verb, "rate" is commonly used in reviews. If you say something "rates highly," it means it is considered very good or important by most people.

💬Casual Conversation

🎬Tuesday afternoon, Jessica is staring at a spreadsheet while Mark is ostensibly 'working' from a coffee shop.
Jessica

Did you check the freelancer's hourly rates? We're totally blowing the budget.

Jessica
Mark
Mark

My bad. I'll look into it once I finish this brew.

💡
Jessica is stressed about the project budget (using 'blowing the budget' as an idiom for overspending), while Mark uses 'my bad' (casual slang for 'my mistake') to deflect her urgency.

Meanings

noun

The measure, quantity, or frequency by which something happens or is done relative to another variable.

"The heart rate increases during intense exercise."

noun

A fixed price paid for a particular service or commodity.

"The hotel offers discounted room rates for long-term guests."

verb (transitive)

To assign a standard or value to something; to evaluate the quality of something.

"The critics rated the new film as one of the best of the year."

verb (intransitive)

To be considered or regarded as having a particular value or status.

"In terms of popularity, this brand rates highly among teenagers."

Last Updated: May 22, 2026Report an Error