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Definitions from the Web

Autorates

Description

Autorates is a verb that refers to the action of automatically adjusting or setting rates, typically in the context of financial or insurance systems.

As a noun, autorates can also refer to predetermined, automated rates or fees.

Senses and Usages

1. Verb: Autorates

Sense 1: To automatically adjust rates or fees according to predefined rules or algorithms.

Example: The insurance company autorates its policies based on customer demographics and risk factors.

2. Noun: Autorates

Sense 1: Predetermined rates or fees set in an automated manner.

Example: The autorates of the online marketplace ensure fair pricing for all sellers.

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