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first-rate (adj.)

"of the highest excellence," 1660s, from first (adj.) + rate (n.) in a specific sense "class of warships in the British Navy." As a mere emphatic statement expressing excellence, by 1812. Colloquially, as a quasi-adverb, 1844.

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Definitions of first-rate from WordNet
1
first-rate (adv.)
quite well;
she doesn't feel first-rate today
Synonyms: very well
2
first-rate (adj.)
of the highest quality;
a first-rate golfer
Synonyms: ace / A-one / crack / super / tiptop / topnotch / top-notch / tops
From wordnet.princeton.edu