Definitions
from The American Heritage® Dictionary of the English Language, 4th Edition
 transitive v. To ascertain by computation; reckon: calculating the area of a circle; calculated their probable time of arrival.
 transitive v. To make an estimate of; evaluate: calculating the team's chances of winning.
 transitive v. To make for a deliberate purpose; design: a sturdy car that is calculated to last for years; a choice that was calculated to please.
 transitive v. Chiefly New England To suppose: "I cal'late she's a right smart cook” ( Dialect Notes).
 transitive v. Chiefly New England To plan, intend, or count on.
 intransitive v. To perform a mathematical process; figure: We must measure and calculate to determine how much paint will be needed.
 intransitive v. To predict consequences.
 intransitive v. Regional To suppose; guess.
 intransitive v. Regional To count, depend, or rely on someone or something: We're calculating on your help.
from Wiktionary, Creative Commons Attribution/ShareAlike License
 v. To determine the value of something or the solution to something by a mathematical process.
 v. To determine values or solutions by a mathematical process.
 v. To plan something, especially something morally wrong.
from the GNU version of the Collaborative International Dictionary of English
 intransitive v. To ascertain or determine by mathematical processes, usually by the ordinary rules of arithmetic; to reckon up; to estimate; to compute.
 intransitive v. To ascertain or predict by mathematical or astrological computations the time, circumstances, or other conditions of; to forecast or compute the character or consequences of.
 intransitive v. To adjust for purpose; to adapt by forethought or calculation; to fit or prepare by the adaptation of means to an end.
 intransitive v. To plan; to expect; to think.
 intransitive v. To make a calculation; to forecast consequences; to estimate; to compute.
from The Century Dictionary and Cyclopedia
 To ascertain by computation; compute; reckon up arithmetically or by items: as, to calculate interest, or the cost of a house.
 To make an estimate of; compute by weighing related facts or circumstances in the mind: as, to calculate chances or probabilities.
 To fit or prepare by the adaptation of means to the end; make suitable; plan: generally in the perfect participle, and frequently (though improperly) in the sense of fitted, without any thought of intentional adaptation.
 To purpose; intend; design: as, he calculates to do it; he calculates to go.
 To think; guess.
 To make a computation; arrive at a conclusion after weighing all the circumstances; form an estimate; reckon: as, we calculate better for ourselves than for others; to calculate on (that is, with expectation of) fine weather.
 To speculate about future events; predict.
 To suppose or believe, after deliberation; think; ‘guess’; ‘reckon’: as, you are wrong there, I calculate.
 n. Calculation.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
 v. judge to be probable
 v. keep an account of
 v. predict in advance
 v. specifically design a product, event, or activity for a certain public
 v. make a mathematical calculation or computation
 v. have faith or confidence in
Etymologies
Examples

I can get around this by defining a body class and calling it, but would like to understand why it is behaving the way it is. getDB (); if (($calculatevalidateUser ($userName, $password) = = "FALSE") or ($calculate  abduraooft

From below: what families spend a lot more on, the authors calculate, is a house in a safe neighborhood with a good school — about 70 percent more a year, discounted for inflation, for the typical family of four.
TwoHanded on Vouchers, Arnold Kling  EconLog  Library of Economics and Liberty

Jeff Madrick discusses the work of Elizabeth Warren and Amelia Warren Tyagi on the plight of middleclass twoincome families with children. what families spend a lot more on, the authors calculate, is a house in a safe neighborhood with a good school — about 70 percent more a year, discounted for inflation, for the typical family of four.
Imputed Income, Arnold Kling  EconLog  Library of Economics and Liberty

Did McCain calculate the amount of lives and money involve?

We do not keep house at a joint expence; but they pay me for what I calculate is the extra expence, and that is not much.

All that the numerous “heritability” studies calculate is the relative variance associated with “heredity” and “environment” given a preexisting set of both.

Jeff Madrick discusses the work of Elizabeth Warren and Amelia Warren Tyagi on the plight of middleclass twoincome families with children. what families spend a lot more on, the authors calculate, is a house in a safe neighborhood with a ...

For different agonists acting on the same receptor, one could calculate from the KA values the fractional occupation by each to obtain the same standard response before receptor inactivation, and thus obtain relative efficacies.

Then, by means of a sudden expansion of the air, which was saturated with steam, he effected a condensation of the steam on the electrically charged small particles, the size of which he could calculate from the velocity with which they sank.

Using the heat theorem discovered by you it has now become possible on the one hand to calculate from the heat evolution during chemical reactions and the specific heats, the chemical affinity and the maximum possible output of energy during chemical reactions, and on the other hand to calculate the equilibrium in reactions not yet studied.
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