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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 ...
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 ...
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.
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Fractional work [3] is a newer term that refers to working either part-time or full-time, but not in a traditional job with a single employer. Instead, fractional workers work for multiple clients or employers, usually remotely, and may offer specialized expertise.
Tsoukalas, who is now in remission, is far from alone. Americans’ pent-up fury with the nation’s health insurance industry burst into the spotlight last week after the fatal shooting of ...