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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] 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. In American English, this term has been vernacularized to prorated or pro ...
Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square footage of the property. A common example of a CAM item is the cost of cleaning the walkways in a shopping mall. It is assumed that every tenant benefits from a clean ...
Representing oneself, without counsel. Also known as pro per representation. / ˌ p r oʊ ˈ s iː, ˌ p r oʊ ˈ s eɪ / pro tanto: for so much A partial payment of an award or claim, based on the defendant's ability to pay. pro tem: abbreviation of pro tempore, meaning "for the time being" Something, such as an office held, that is temporary ...
Eisner v. Macomber, 252 U.S. 189 (1920), was a tax case before the United States Supreme Court that is notable for the following holdings: . A pro rata stock dividend where a shareholder received no actual cash or other property and retained the same proportionate share of ownership of the corporation as was held prior to the dividend by the shareholder was not income to the shareholder under ...
Full tag-along rights are usually found in firms where there are few investors and each investor has strong rights, as “contractual rights of investors balance each other and a controlling member, if any, has limited maneuvering room for extracting private benefits”, while the pro-rata option is “the appropriate measure” for firms with ...
The bankruptcy along with the charges brought by US authorities promise to be among the most closely- watched business law stories of 2023. Alexis Keenan is a legal reporter for Yahoo Finance ...
Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
J. Stephen Schuster, who handled complex business litigation in the Superior Court of Cobb County, Georgia, is a past president of the American College of Business Court Judges, [56] past co-chair of the ABA Section of Business Law's Judges Initiative Committee, [276] and served as a Business Court Representative to the ABA's Business Law ...