What is Rating?

Legal Definition
1. Marketing: The percentages of total audiences who choose one media type over another, i.e. TV versus radio. 2. Securities trading: Ranking of secure debts based on the issuer's earnings, etc.
Legal Definition
The classification of a vessel as a marine insurance risk. See 68 U. S. 456, 17 L. Ed. 505.
-- Ballentine's Law Dictionary