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- PRORATE Definition Meaning - Merriam-Webster
The meaning of PRORATE is to divide, distribute, or assess proportionately How to use prorate in a sentence
- PRORATE Definition Meaning | Dictionary. com
To divide or distribute a sum of money proportionately For example, if one owned an automobile for only three months, an insurance company would prorate the annual premium by charging only one-quarter of it
- Prorate - definition of prorate by The Free Dictionary
prorate (prəʊˈreɪt; ˈprəʊreɪt) vb chiefly US and Canadian to divide, assess, or distribute (something) proportionately [C19: from pro rata]
- PRORATE definition and meaning | Collins English Dictionary
Mainly US and Canadian to divide, assess, or distribute (something) proportionately Click for English pronunciations, examples sentences, video
- PRORATE | definition in the Cambridge English Dictionary
PRORATE meaning: 1 to calculate a cost, payment, or price according to the amount of something that has been used… Learn more
- What Does Prorated Mean and How Is It Calculated?
Proration is a financial mechanism used to divide a cost, payment, or obligation proportionally over a specific period or usage share This process mathematically ensures that each party pays or receives exactly what they are due based on their actual involvement with the item or service
- Prorated - Definition, Formula, Calculate, Example
In accounting and finance, prorated means adjusted for a specific time period For example, if an employee is due a salary of $80,000 per year, and they join the company on July 1, their prorated salary for that year would be $40,000 Let’s look at an example Susan is supposed to earn $30 per hour, paid to the nearest minute She works 47 minutes
- Prorate Definition Meaning | Britannica Dictionary
PRORATE meaning: to calculate (something) according to the specific amount that someone has done, used, etc
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