ZERORATED Meaning and
Definition
-
Zerorated refers to a specific type of taxation or pricing system where no rate or tax is imposed on a particular product or service. It typically indicates that the goods or services are exempted from the standard tax rate, resulting in no additional charges being levied.
In the context of taxation, a zerorated item is not completely tax-free, but rather subjected to a tax rate of zero percent. This concept is often applied to essential items or services that are deemed necessary for the general public's well-being. Certain countries may adopt this mechanism to reduce the financial burden on individuals or to promote social welfare. For instance, basic food items, medical supplies, educational materials, and public transportation services may be eligible for the zerorated tax status.
Zerorated can also be employed in pricing strategies, particularly in the telecommunications and internet sectors. In this context, it refers to data or internet usage that doesn't consume the user's allocated data quota or is exempt from being charged to their data plan. This can include accessing certain websites, applications, or services without deducting data from the user's plan. Zerorated data can be offered by internet service providers or mobile network operators to encourage the use of specific platforms, encourage adoption, or as a promotional offer to attract customers.
Overall, the term zerorated refers to the absence of taxes or charges on specific products, services, or data, either within a taxation framework or as part of a pricing strategy.
Common Misspellings for ZERORATED
- xerorated
- serorated
- aerorated
- zwrorated
- zsrorated
- zdrorated
- zrrorated
- z4rorated
- z3rorated
- zeeorated
- zedorated
- zeforated
- zetorated
- ze5orated
- ze4orated
- zerirated
- zerkrated
- zerlrated
- zerprated
- zer0rated
Etymology of ZERORATED
The word "zerorated" is derived from the combination of two words: "zero" and "rated".
1. Zero: The term "zero" originated from the Latin word "zerus", which came from the Greek word "zeros", both meaning "nothing" or "empty". It has been used in English since the early 17th century to represent the numerical value of nothing or a lack of quantity.
2. Rated: The word "rated" stems from the Latin word "ratire", which means "to reckon" or "to number". In English, it started appearing in the late 15th century, referring to assigning a value, rank, or estimation to something.
When these two words are combined to form "zerorated", it suggests that something has been assigned a value of zero or that it is exempt from a particular charge, tax, or rate.
Infographic
Add the infographic to your website:
