Have prestige is a term used to describe someone who is respected and admired by others. It is often associated with having a high social status or a successful career. To have prestige is to be seen as an authority in one's field or to be held in high esteem by one's peers. The term RATE, which has four letters, is defined as the speed or frequency at which something happens or is done. In this context, it could refer to the level of respect or admiration that someone has achieved.