Dictionary

prorate

verb pro·rate \(ˌ)prō-ˈrāt, ˈprō-ˌ\

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

pro·rat·edpro·rat·ing

Full Definition of PRORATE

transitive verb
:  to divide, distribute, or assess proportionately
intransitive verb
:  to make a pro rata distribution
pro·ra·tion \prō-ˈrā-shən\ noun

Examples of PRORATE

  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 of PRORATE

pro rata
First Known Use: 1860

Other Economics Terms

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

Rhymes with PRORATE

abate, ablate, adnate, aerate, age-mate, agnate, airdate, airfreight, alate, arête, await, backdate, baldpate, bandmate, baseplate, bedmate, bedplate, berate, birthrate, bistate, bite plate, blank slate, blind date, blue plate, bookplate, breastplate, casemate, castrate, caudate, cell plate, cerate, cheapskate, checkmate, chelate, chordate, citrate, classmate, clavate, cognate, collate, comate, conflate, connate, Cook Strait, cordate, create, cremate, crenate, curate, cut-rate, deadweight, death rate, debate, deflate, delate, dentate, derate, dictate, dilate, disrate, donate, doorplate, downstate, drawplate, elate, end plate, equate, estate, faceplate, falcate, fellate, filtrate, first-rate, fishplate, fixate, flatmate, floodgate, fluxgate, flyweight, folate, formate, frustrate, gelate, gestate, ground state, gyrate, hamate, hastate, headgate, Hell Gate, helpmate, home plate, hot plate, housemate, hydrate, ice-skate, inflate, ingrate, inmate, innate, instate, irate, jailbait, Kuwait, lactate, lapse rate, legate, liftgate, ligate, lightweight, liquate, lobate, locate, lunate, lustrate, lych-gate, lyrate, magnate, makebate, makeweight, mandate, messmate, migrate, misstate, mutate, nameplate, narrate, negate, Newgate, nitrate, notate, nutate, oblate, of late, orate, ornate, ovate, palmate, palpate, peltate, phonate, pinnate, placate, playdate, playmate, plicate, portrait, postdate, predate, prime rate, probate, prolate, pronate, prostate, prostrate, punctate, pupate, quadrate, rain date, ramate, rebate, red-bait, relate, restate, roommate, rostrate, rotate, saccate, schoolmate, seatmate, sedate, sensate, septate, serrate, shipmate, short weight, slave state, soleplate, soul mate, spectate, spicate, squamate, stagnate, stalemate, stellate, striate, sublate, substrate, sulcate, summate, tailgate, teammate, Tebet, tenth-rate, ternate, terneplate, testate, third-rate, tinplate, to date, toeplate, tollgate, tractate, translate, tristate, truncate, unweight, update, uprate, upstate, V-8, vacate, vallate, valvate, vibrate, virgate, vulgate, whitebait, workmate

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