What is the Meaning & Definition of rate

A rate is the amount of money that a consumer pays for the use of a service. Usually, we use the concept to refer to the price we pay for public services such as water, light, gas, though note that the word often also apply to other services, especially those associated with transport, as in the case of buses, taxis, airplanes, among others.
In the case of those public services, the payment of fees must be made in time and form, i.e., once it reaches the invoice through which the fee is charged are payable times as therein provided. They usually propose a first end and a second maturity, which is usually one week after the first, and in which there is a difference in interest.
If the user does not pay in time you can get the service Court. Depending on the company that manages the service cut may be immediately after having not paid as the second due date or later last month.
With regard to the establishment of the value that is paid for this service that is used may be established by the company that manages to it or by the State if it is managing to fit you, and in some other cases there may be legislation that has prices rates and then increases, for example they are governed only by this and there will be a unilateral State or business decision that has suddenly.
Meanwhile, when operating a service is run by a private company it is usual that the State intervene in regards to the establishment of a cap rate, controlling this so that the company does not set arbitrarily increases in excess.
In some countries it is common that there are strong polemics and controversies around the provision of some companies of basic services as indicated for light, water and gas and have to do with an inefficient provision. The lack of investment and maintenance are usually regular complaints from consumers, who many times turn out to be the hostages of companies to which the State has granted them exploitation and not end up complying with the same way as.
Article contributed by the team of collaborators.

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