Usually means: Amount paid per time unit.
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We found 6 dictionaries that define the word rate of payment:

General (6 matching dictionaries)
  1. rate of payment: Vocabulary.com
  2. rate of payment: Dictionary.com
  3. rate of payment: Rhymezone
  4. rate of payment: FreeDictionary.org
  5. rate of payment: Mnemonic Dictionary
  6. rate of payment: TheFreeDictionary.com

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Definitions from WordNet (rate of payment)

▸ noun:  the amount of money paid out per unit time


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