prorated definition - MARKETS
PRORATED definition: 1. calculated according to the amount of something that has been used, in relation to a larger…. Learn more.
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Define prorated. prorated synonyms, prorated pronunciation, prorated translation, English dictionary definition of prorated. v. pro rat ed , pro rat ing , pro rates v.
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tr. To divide, distribute, or assess proportionately. v. intr. To settle affairs on the basis of proportional...
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In accounting and finance, prorated means adjusted for a specific time period. For example, if an employee is due a salary of $80,000 per year, and they join the company on July 1, their prorated salary for that year would be $40,000. 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). 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. If a cost is prorated, it is divided or assessed in a proportional way.
If weather and/or sea conditions cause your trip to return early, the boat fare will be prorated. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. Webster’s New World College Dictionary, 5th Digital Edition.