pro-rated - MARKETS
Other forms: prorated; prorating; prorates To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month's rent, she only charges you for the days you've actually lived in your apartment. The meaning of PRORATED is divided, distributed, or assessed proportionately (as to reflect an amount of time that is less than the full amount included in an initial arrangement).
Understanding the Context
Attendees joining the course later will pay a prorated fee. Any new projects would be funded on a prorated basis. prorated, prorating to make an arrangement on a basis of proportional distribution. Pro-rated means you pay only for the portion you use.
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Learn how the math works and where it shows up in rent, payroll, insurance, and real estate. Learn what prorated means, how to calculate it, and examples. Understand how costs or payments are adjusted proportionally for partial periods. Define prorated. prorated synonyms, prorated pronunciation, prorated translation, English dictionary definition of prorated.
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v. pro rat ed , pro rat ing , pro rates v. tr. To divide, distribute, or assess proportionately. v. intr.
To settle affairs on the basis of proportional... If someone has been a customer for less than a year, you can offer them a prorated fee corresponding to the actual time they've used your services when it comes time to bill them. prorate something to calculate a payment according to how much of something has been used, the amount of work done, etc. The bonus will be prorated according to salaries.