Also means
talk
Usage Note
Rede is a formal 'speech' you hold: eine Rede halten. It lives in the common phrase es ist die Rede von (the talk is of, it's about) and zur Rede stellen (to confront someone). In grammar, direkte Rede is direct speech.
Examples
"Der Präsident hält eine lange Rede."
Natural Translation
The president is giving a long speech.
Literal Translation
The president holds a long speech.

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