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Pro rata means proportionally, such as dividends awarded to investors based on their proportion of investment. The concept of pro rata is rooted in fractions because proration attempts to make...
In this article, we explain pro rata, discuss its uses, provide steps for calculating it and share examples. Key takeaways: Pro rata (or prorated) is a Latin term meaning "in proportion" used to calculate the fair distribution of a fixed amount, a common practice in financial scenarios.
What does pro-rata salary mean? A pro-rata salary is when you pay an employee a proportion of what would be their full salary if they worked full-time.
What Does Pro Rata Mean? Simply put, pro rata is a way to divide something based on a proportionate relationship. In business and finance, the term “pro rata” is used to describe the allocation of something (often money or shares) in proportion to other amounts.
The meaning of PRO RATA is proportionately according to an exactly calculable factor (such as share or liability). Did you know?
PRO RATA meaning: 1. calculated according to, or as a share of, the fixed rate for a larger total amount: 2…. Learn more.
What is Pro Rata? Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be measured or calculated. In North American countries, pro rata is often referred to or referenced as “ prorated.”.