Pro Rate Meaning - Market Update

The meaning of PRORATE is to divide, distribute, or assess proportionately. How to use prorate in a sentence. Prorating divides a cost or payment proportionally based on actual usage rather than a full billing cycle.

The term comes from the Latin phrase “pro rata,” meaning “in proportion,” and you’ll see it spelled as “prorate,” “prorated,” or “pro rata” depending on context. PRORATE meaning: 1. to calculate a cost, payment, or price according to the amount of something that has been used…. Learn more.

pro rate meaning, To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month's rent, she only charges you for the days you've actually lived in your apartment. Learn what prorated means, how to calculate it, and examples. Understand how costs or payments are adjusted proportionally for partial periods. We will prorate your monthly rent for the remaining 10 days on your lease.

pro rate meaning, [=you will pay 10 days' worth of a month's rent] The player's annual salary was prorated because he only played for the last three months of the season. The term comes from the Latin phrase “pro rata,” meaning “in proportion.” In a legal sense, it refers to distributing a cost, payment, or liability based on each party’s fractional share of ownership, responsibility, or time. If a cost is prorated, it is divided or assessed in a proportional way. If weather and/or sea conditions cause your trip to return early, the boat fare will be prorated. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers.

Webster’s New World College Dictionary, 5th Digital Edition.