7. (Horol.) The gain or loss of a timepiece in a unit of time; as,
daily rate; hourly rate; etc.
8. (Naut.) (a) The order or class to which a war vessel belongs,
determined according to its size, armament, etc.; as, first rate,
second rate, etc. (b) The class of a merchant vessel for marine
insurance, determined by its relative safety as a risk, as A1, A2, etc.
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.