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Rate refers to a fixed or variable price charged for a service or product, often expressed as a unit cost (e.g., per hour, per mile). In contrast, rent specifically pertains to the payment made for the temporary use of property or land, typically on a monthly or annual basis. While both involve payments, "rate" can apply to a broader range of services, whereas "rent" is specifically tied to real estate or property leasing.

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2mo ago

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