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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 ...
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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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 ...
Job titles have evolved over time for a variety of reasons. Some companies have infused creativity into their job titles as a way to elevate otherwise generic-sounding positions. Others have doled ...
The range of fees charged by lawyers varies widely from one city to the next. Most large law firms in the United States bill between $200 and $1,000 per hour for their lawyers' time, although the fees charged by smaller firms are much lower. The rate varies by location as well as the specific area of law practiced.