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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 ...
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 ...
This term is also often used in the lending area and in bankruptcy proceedings, where creditors are said to be paid pari passu, or each creditor is paid pro rata in accordance with the amount of his claim. Here its meaning is "equally and without preference". There have been cases where decisions were based on different interpretations of the ...
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 ...
De exoneranda pro rata portionis is a writ that lies where one is distrained for rent that ought to be paid by others proportionably with him. [1] De lunatico inquirendo is a writ issued to commence a court proceeding to determine whether a person is a lunatic (see Testamentary capacity). [13] De quibus sur disseisin, a writ of entry. [1]
Others use "pro rata" cancellation, giving you back every cent of the unused premium. If you paid for your old policy in full and canceled partway through, expect to wait two to three weeks for ...
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.
Pro-rata homeowner association dues, paid by the seller, buyer, or both. If the property is covered by a homeowners association (HOA), the HOA will normally be funded by dues assessed against each property owner. Since the ownership of the seller and buyer are each fractional in the year of the transaction, there must be an adjustment made so ...