A suspension or structural design to lower one end of the vehicle in relation to the other end.

That's layman's terms for the angle the steering stem/column or fork makes from a vertical line 90 degrees from the ground.
Layman's terms use:
I like the rake that car has. The front is an inch lower then the rear. Perfect on that car.

An example of using the more technical definition of the term:
The rake on that frame is 30 degrees.
by stealth17 October 10, 2006
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A portion taken as profit from each pot when playing poker. This is done for the benefit of the players, because the gambling establishment cares so deeply. Counterintuitively, this is especially beneficial for players attempting to earn a living as a professional poker player. Because, as the rake becomes higher it becomes impossible for professional players to win at a rate that makes their profession viable and thus they lose all of their money. Which is good because now that they (and all the other formerly professional players) do not have to worry about playing against one another, because it is no longer profitable to play in said game. THUS, the game is profitable. Rake is good. More rake is better.

Pro tip: if your rake isn't high enough, you and all the other players could ask the house to raise it, so that you will all make more money.
More rake is better. -Daniel Negreanu.
by One Who Cares. April 22, 2017
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To make fun of someone, to make a joke out of them
"He got raked so much last night he nearly cried."
"i'm gonna rake him about getting wasted last night so much"
by JammyBambi March 23, 2006
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Raking, in sports means playing especially well.
He was raking in April with 10 home runs; now he's in a slump.
by erotica69 September 16, 2005
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To have a suspension setup that makes the rear of the car sit higher than the front by a decent margin.
Look at that Hemi 'Cuda, it's raked as can be with those massive drag slicks.
by ._. August 24, 2007
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omg Fred is such a lil rake
by Donna-Nathalie January 11, 2007
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