prorate
play
verb
pro·rate
\(ˌ)prō-ˈrāt, ˈprō-ˌ\
Simple Definition of prorate
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: to calculate (something) according to the specific amount that someone has done, used, etc.
Source: Merriam-Webster's Learner's Dictionary
Examples of prorate in a sentence
The player's annual salary was prorated because he only played for the last three months of the season.
<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
Other Economics Terms
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Thesaurus: All synonyms and antonyms for prorate
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