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1. To think something is sick, cool, good or hot.
2. The price you charge for a good or service. ie Drugs
1. "I fully rate the new mags you've got."
"I really rate that new girl at work."
2. "$250AUD an ounce is the rate. You don't like it, fuck off."
rate by Diego July 31, 2003
1. Used in Jerry Jackson films and the narrator is unable to pronounce "right", so the word rate is used. Oh No! is used in a high pitch voice during some episodes to create suspense and tension. Also animatiosn spelt incorrectly "animatens".
2. To rate someone (1-10)
That is like rate funny, LMAO!
rate by scottysullivan October 6, 2006
Used in the military, most specifically the Marine Corps, as another word for "deserve."
1. Hey, buddy! How's it going?
2. ......
3. What the fuck? I don't RATE a response, asshole?
Rate by Rock Coxman January 7, 2010
"Man, that's rate good, innit blood massive."

"There's Rate a teletubby on my sofa. He's rate fat and homoerotic."
Rate by DanSussex November 8, 2007
This is an acronym standing for "Rough Around The Edges" and it refers to people (usually used to describe certain women) who are a bit rugged in both appearance and personality (usually found with Type 1s).
That chick is a hardcore RATE but still I find her strangely appealing. Other Ratish women turn me on too.
RATE by Sateeb August 14, 2009
Generally used interchangably with "right"; often coupled with "hurtin'" or "sour"
"That's rate hurtin'!"

"That's rate sour, man!"
rate by AdamM May 15, 2005