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In Halo 2, the rank is the numeric representation of a player's multiplayer experience.
Rank can be gained or lost depending on not only the final score of a game, but also on the individual's statistics, and the opposing team's individual ranks. The system responsible for assigning how many experience points a player is awarded is a very complex algorithm.
A rank is recorded for every playlist an individual plays in, with the exception of none-ranked gametypes and custom gametypes. There were leaderboards for the majority of the playlists. However, Bungie has since removed them.