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Albany

Definitions

Albany rate
The capital of New York.
Albany rate
(Noun) New York State's capital, improbably enough. ("Improbably enough" because today someone who didn't know better would probably say "New York City" automatically. But it wasn't that that obvious before completion of the Erie Canal in the early 1800s - which connected NYC and the Great Lakes and led to the development of NYC as a vastly more important commercial center.)

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