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We found one dictionary that defines the word percentage rate:

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  1. percentage rate: Wiktionary

Definitions from Wiktionary (percentage rate)

noun:  A measure to show a change or relationship between two numbers as a fraction of 100, over a certain time.
noun:  (finance, mathematics) A coefficient, expressed as a fraction of 100, of the quotient of two numbers over a specified period of time, where the denominator has the same units as the numerator but is adjusted by a unit of time. This measure indicates the proportion of a part in relation to a whole and is commonly used to describe rates of interest, growth, or change in financial and economic contexts, expressed in percentage points.

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