Definition, Meaning & Synonyms
ratable
adjective
/ˈreɪ.tə.bəl/
Definition
Capable of being assessed or considered for taxation; subject to a specific rate or value.
Examples
- The property was found to be ratable under the new tax guidelines.
- Many services are ratable based on their usage and assessed value.
- Investments that are ratable can help improve the financial status of the company.
Meaning
The term refers to something that can be evaluated, particularly in regard to its financial worth or tax obligations.
Synonyms
- assessable
- appraisable
- valued
