What does pro rate means
Pro-Rata: Pro rata is the term used to describe a proportionate allocation. It is a method of assigning an amount to a fraction according to its share of the whole. While a pro rata calculation Prorate definition is - to divide, distribute, or assess proportionately. How to use prorate in a sentence. to divide, distribute, or assess proportionately; to make a pro rata distribution… Define prorate. prorate synonyms, prorate pronunciation, prorate translation, English dictionary definition of prorate. v. pro·rat·ed , pro·rat·ing , pro·rates v. tr. To divide, distribute, or assess proportionately. v. intr. To settle affairs on the basis of proportional Definition: Pro rata means the proportional allocation of a given numerical figure. In other words, it is the distribution of a given amount by using pre-established percentages. What Does Pro Rata Mean? What is the definition of pro rata? This term comes from the latin pró ratá, which means according to the calculated share. This is a Pro rata definition is - proportionately according to an exactly calculable factor (such as share or liability). Pro Rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining funds, the money is divided proportionately among the creditors, according to the amount of the individual Pro rata is an adverb or adjective meaning in equal portions or in proportion. The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides.
Aug 28, 2019 This means they're entitled to 3/5ths the amount of holiday as a full-time employee. Assuming you offer the statutory minimum paid holiday to your
Dec 29, 2014 A contract between a company and a departing employee stated that the company would pay the employee “an annual salary in the amount of The prorate. acronym/abbreviation definition. The prorate. meaning is 1. v. Adjust proportionally. 2. n. In the educational tour market, the number of paying Pro-rata means 'a portion'. Your bill will be pro-rated, where you will be charged a portion of your plan and receive a portion of your plan's included value when The term pro rata means to reduce one quantity in the same proportion as a reduction in another quantity. For instance, if a person works halftime, her salary would
Definition. Pro Rata Cancellation — the cancellation of an insurance policy or Provides step-by-step instructions that would benefit novices and seasoned
Pro rata is a Latin term that means in proportion. Pro rata is related to prorate, a term used in cost accounting. To illustrate the term pro rata, let's assume that a Oct 12, 2018 Also known as pro rata rent, the quick and easy prorated rent definition is rent that's calculated proportionately. In other words, you'll pay rent
Prorate means to divide, distribute, or assess proportionately; to settle affairs on the $24 for 12 issues and only 6 issues are ordered, the prorated price is $12.
Pro rata is an adverb or adjective meaning in equal portions or in proportion. The term is used in many legal and economic contexts. The hyphenated spelling 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 Prorate definition is - to divide, distribute, or assess proportionately. How to use prorate in a sentence. Prorate is defined as to separate or give out in a specific proportion. An example of prorate is a landlord charging a tenant $500 for staying in a house for fifteen Jun 26, 2019 Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to "in proportion," which means a process where to divide, distribute, or calculate proportionately. QUIZZES. Middle School Punctuation Quiz. Correctly using punctuation is tricky. There are many different kinds
What does prorate mean? prorate is defined by the lexicographers at Oxford Dictionaries as Allocate, distribute, or assess pro rata.
When a customer's plan changes during a billing cycle, a proration line item is applied on their next invoice. If a customer whose subscription is billed on the first When you prorate an amount, you distribute the payment proportionally over a set period. Rent, utilities and other kinds of payments can be prorated. The term Jan 8, 2020 Zuora allows you to prorate a partial period fees in order to align your Proration is controlled under the Billing > Define Billing Rules setting. The Prorate by day option means the proration will be based on the exact What does “prorated” mean? When a customer purchases a membership, you can prorate the first fee if the plan is purchased in the middle of the membership
Prorating means allocating or assigning an amount to an activity or product that is Do Not Prorate – Same dues regardless of when customer joins. Standard Nov 29, 2018 If you accept a pro rata salary, your employer will pay you based on the hours you work, but you will not receive an hourly wage. Instead, your Definition. Pro Rata Cancellation — the cancellation of an insurance policy or Provides step-by-step instructions that would benefit novices and seasoned The highest proration factor is 1, which means that the individual was eligible for Note: If you select Calendar Days, do not select a prorate % ID when the field