rate of payment

NOUN
15 LETTERS · STARTS WITH R

rate of payment is a valid 15-letter word worth 23 points in Scrabble and 25 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
R1A1T1E1O1F4P3A1Y4M3E1N1T1
1 + 1 + 1 + 1 + 0 + 1 + 4 + 0 + 3 + 1 + 4 + 3 + 1 + 1 + 1 =23 PTS
DOUBLE WORD → 46TRIPLE WORD → 69
MEANING

What does rate of payment mean?

NOUN · 1 SENSE
1

The amount of money paid out per unit time.