RATE (3)

Rate, v. t. [imp. & p. p. Rated; p. pr. & vb. n. Rating.] 1. 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. 2. To assess for the payment of a rate or tax.
3. 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. 4. To ratify. “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 dependent thereon. Syn. — To value; appraise; estimate; reckon.