1. A position or classification that is lower in quality, importance, or status than first and second rank
This university is considered third rank compared to the Ivy League schools.
Esta universidade é considerada de terceira categoria em comparação com as escolas da Ivy League.
2. In sports or competition, the third-place finish or tier
He finished in third rank in the national championship.
Ele terminou em terceiro lugar no campeonato nacional.