Dictionary

pro rata

adverb pro ra·ta \(ˌ)prō-ˈrā-tə, -ˈrä-, -ˈra-\

Definition of PRO RATA

:  proportionately according to an exactly calculable factor (as share or liability)
pro rata adjective

Origin of PRO RATA

Latin
First Known Use: 1575

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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