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Glossary   >   R   >   "Rate" Definition            Rate The pricing factor upon which an insurance premium is based, it is the cost of a given unit of insurance. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Rate \ The pricing factor upon which an insurance premium is based, it is the cost of a given unit of insurance.