A term used in insurance underwriting that means the applicant will have to pay additional premiums for the coverage for which he or she has applied. Underwriters often rate a policy arbitrarily to increase the company's "bottom line."
"Damn, if I'm going to get that bonus next year, I'm going to have to get off of my ass and rate some policies."
A term used in Barrel Racing or Pole Bending, a speed event involving horses. The term 'rate' refers to slowing and collecting up your horse right before a barrel or pole. It is essential for having horse horse bring him self up to turn the barrel/pole and make for a faster time.
That horse really needs to learn how to rate before reaching that barrel, he looks like he is just running around in a bunch of circles.