Related Words

Average Tax Rate: Taxes as a fraction of income; total taxes divided by total taxable income.

Regressive Tax: A regressive or flat income tax system taxes everyone at the same rate, as sales tax does. Advocates say it’s simpler and does away with the kinds of tax breaks that tend to favor the wealth . . . View Full Definition

Progressive Tax System: A tax system providing that the average tax rate increases for some increases in income, but never decreases with an increase in income.

Rate Law: A rate law or rate equation relates reaction rate with the concentrations of reactants, catalysts, and inhibitors. For example, the rate law for the one-step reaction A + B rightarrow C is d . . . View Full Definition

Rate Lock: Refers to the agreement between the borrower and the lender or broker that as long as the loan is closed within a certain period of time (for example, 30 or 60 days), the interest rate on th . . . View Full Definition

Rate Factor: The number of dollars required to pay off each $1,000 of a mortgage loan.

Rate Desk: Airline or travel agency department that constructs fares for complicated itineraries, usually international.

Rate Card: Document detailing prices for various ad placement options.

Rate Center: The geographic area used by local exchange carriers to set rate boundaries for billing and for issuing phone numbers.

Rate Constant: A rate constant is a proportionality constant that appears in a rate law. For example, k is the rate constant in the rate law d[A]/dt = k[A]. Rate constants are independent of concentration . . . View Full Definition