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prorate

play
verb pro·rate \(ˌ)prō-ˈrāt, ˈprō-ˌ\

Simple Definition of prorate

  • : to calculate (something) according to the specific amount that someone has done, used, etc.

Source: Merriam-Webster's Learner's Dictionary

Full Definition of prorate

prorated

prorating

  1. transitive verb
  2. :  to divide, distribute, or assess proportionately

  3. intransitive verb
  4. :  to make a pro rata distribution

proration

play \prō-ˈrā-shən\ noun

Examples of prorate in a sentence

  1. The player's annual salary was prorated because he only played for the last three months of the season.

  2. <shares in the company's profits were prorated according to the workers' length of service>



Origin and Etymology of prorate

pro rata


First Known Use: 1860


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