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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 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 ...
There are three typical calculation methods: pro-rate, or using a penalty method such as short period rate (old short rate), and short period rate (90% pro rata). The return premium is generally calculated using a wheel calculator, a type of circular slide rule or an online version. [1]
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 ...
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A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it can be a non-dilutive pro rata way to raise capital.
Theatre Pro Rata is a small, professional theatre company operating in the Twin Cities, United States. The company's name is derived from the term pro rata, which comes from the Latin for "in proportion." Their mission: To each of us: a foundation in the play, a pursuit of creative excellence, and a continuation of curiosity.
Therefore, the quota rule states that the only two allocations allowed for party A are 1 or 2 seats on the council. If there is a second party, B , that has 137 members, then the quota rule states that party B gets 137 300 ⋅ 5 ≈ 2.3 {\displaystyle {\frac {137}{300}}\cdot 5\approx 2.3} , rounded up and down equals either 2 or 3 seats.