RATEABLE Meaning and
Definition
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Rateable is an adjective that originated from the word "rate," which means to estimate the value or cost of something. Rateable describes something that can be evaluated or assessed according to its value, and can be subjected to taxation or levies based on that value. It refers to the ability to impose a rate or levy on an object, business, property, or individual.
In a financial context, rateable refers to the taxable value of property or assets. It indicates that these properties or assets possess a value or worth that can be determined and used as a basis for calculating taxes or levies. The rateable value is typically determined by the relevant governing authorities or tax agencies, who assess and assign a specific value to these properties or assets.
Moreover, the term rateable can also extend to non-property-related subjects, such as a person's income or earnings, which can be subject to taxation at different rates depending on the income level. For instance, a higher rate may apply to individuals earning above a certain threshold, while a lower rate may be applicable to those earning below it.
Overall, rateable implies the ability to measure and assign value for the purpose of taxation or assessment, whether it is in relation to property, assets, or income. It signifies the potential for being taxed or rated based on the determined value or worth of the subject in question.
Common Misspellings for RATEABLE
Etymology of RATEABLE
The word "rateable" originated from the Middle English term "rateable", which was derived from the Old French word "ratable". The Old French term "ratable" came from the verb "rater", meaning "to calculate, to evaluate, to appraise". This ultimately traces back to the Latin word "ratus", meaning "reckoned, deemed, determined". In English, the word "rateable" first appeared in the 16th century and has since been used to describe something that can be assessed, valued, or subjected to a rate or taxation.
Similar spelling words for RATEABLE
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