Rate \Rate\, v. t. [imp. & p. p. Rated; p. pr. & vb. n. Rating.]

1. To set a certain estimate on; to value at a certain price or degree.

To rate a man by the nature of his companions is a rule frequent indeed, but not infallible. --South.

You seem not high enough your joys to rate. --Dryden.

2. To assess for the payment of a rate or tax.

3. To settle the relative scale, rank, position, amount, value, or quality of; as, to rate a ship; to rate a seaman; to rate a pension.

4. To ratify. [Obs.]

``To rate the truce.'' --Chapman.

To rate a chronometer, to ascertain the exact rate of its gain or loss as compared with true time, so as to make an allowance or computation depended thereon.

Syn: To value; appraise; estimate; reckon.

Source: Webster's Revised Unabridged Dictionary (1913)