Rate
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1. Markets - prices - quotation.
In the context of markets, a rate is a price which is quoted as a ratio or a percentage.
For example, a foreign exchange rate or an interest rate.
Foreign exchange rates are quoted as a number of units of the variable currency, per one unit of the base currency.
Interest rates are quoted as percentages of the principal amount.
2. Credit risk - creditworthiness - credit ratings.
To assign a credit rating.
3. Quality - performance.
To evaluate - and express a view about - quality or performance.
