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The concept of rating things:
A motion picture rating system is designated to classify films with regard to suitability for audiences in terms of issues such as sex, violence, substance abuse, profanity, impudence or other types of mature content. The movie rating system used in the United States was created in 1968, with the rating system originally consisted of four ratings but now including five. The body that assigns these ratings is the Rating Board, located in Los Angeles.
A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. Credit ratings are calculated from financial history and current assets and liabilities.
A rating is the evaluation or assessment of something, in terms of quality (as with a critic rating a novel), quantity (as with an athlete being rated by his or her statistics), or some combination of both.
Rating inventions, patent applications and granted patents:
This concept of rating also can be applied in the world of intellectual property (IP), and specifically to inventions, patent applications and granted patents. (more…)