prorate

prorate
prorate pro‧rate [prəʊˈreɪt ǁ proʊ-] verb [transitive] ACCOUNTING
to calculate a charge, price etc according to the actual amount of service received rather than by a standard sum:

• The agency moved in on the 23rd of the month, so the landlord prorated the rent.

* * *

prorate UK US /ˌprəʊˈreɪt/ verb [T]
ACCOUNTING to calculate a cost, payment, or price according to the number of hours worked, how much of something has been used, etc. in relation to a larger number of hours worked, a larger amount of something used, etc.: »

The bonuses for part-time employees should have been prorated based on their hours.

proration noun [U]
»

The Fund and Investment Manager may share facilities common to each, with appropriate proration of expenses between them.


Financial and business terms. 2012.

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Look at other dictionaries:

  • prorate — I verb allocate, allot, apportion, apportion pro rata, assess pro rata, assess proportionally, distribute, distribute proportionally, divide, divide proportionally, dole, mete out, parcel out, portion, split up associated concepts: prorate taxes… …   Law dictionary

  • Prorate — Pro*rate , v. t. [imp. & p. p. {Prorated}; p. pr. & vb. n. {Prorating}.] [From L. pro rata (sc. parte) according to a certain part, in proportion.] To divide or distribute proportionally; to assess pro rata. [U.S.] [1913 Webster] …   The Collaborative International Dictionary of English

  • prorate — (v.) also pro rate, to divide proportionally, 1860, American English, verb derived from L. pro rata (parte) (see PRO RATA (Cf. pro rata)). Related: Prorated; prorating …   Etymology dictionary

  • prorate — *apportion, portion, parcel, ration …   New Dictionary of Synonyms

  • prorate — ☆ prorate [prō rāt′, prō′rāt΄ ] vt., vi. prorated, prorating [< PRO RATA] to divide, assess, or distribute proportionally proratable adj. proration n …   English World dictionary

  • prorate — UK [prəʊˈreɪt] / US [proʊˈreɪt] verb [transitive] Word forms prorate : present tense I/you/we/they prorate he/she/it prorates present participle prorating past tense prorated past participle prorated business to calculate, divide, or share… …   English dictionary

  • prorate — verb (prorated; prorating) Etymology: pro rata Date: 1860 transitive verb to divide, distribute, or assess proportionately intransitive verb to make a pro rata distribution • proration noun …   New Collegiate Dictionary

  • prorate — proratable, adj. proration, n. /proh rayt , proh rayt /, v., prorated, prorating. v.i. 1. to make an arrangement on a basis of proportional distribution. v.t. 2. to divide, distribute, or calculate proportionately. [1855 60, Amer.; partial trans …   Universalium

  • prorate — verb To divide proportionately, especially by day …   Wiktionary

  • prorate — Synonyms and related words: ask, assess, charge, charge for, demand, divide, divvy, exact, impose, levy, make dutiable, parcel, portion, pro rata, proportion, proportionate, quota, ration, require, share, shift, stick for, tax, tithe …   Moby Thesaurus

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