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  Dictionary Definition of ratio

ratio
noun, plural ratios.

1. the relation between two similar magnitudes in respect to the number of times the first contains the second: the ratio of 5 to 2, which may be written 5:2, or 5/2
2. proportional relation; rate; quotient of two numbers.
3. Finance the relative value of gold and silver in a bimetallic currency system, fixed by the government of a country.
[L: reckoning, relation, reason]