prorated

adjective pro·rat·ed \ (ˌ)prō-ˈrā-təd , ˈprō-ˌrā- \
|Updated on: 12 Jun 2018

Definition of prorated

: divided, distributed, or assessed proportionately (as to reflect an amount of time that is less than the full amount included in an initial arrangement)
  • The catch is that the Dolphins can get back the prorated portion of the $5 million if Madison defaults on the contract.
  • —Mike Freeman
  • In some cases the warranty is prorated—its value declines over its time limit. Other warranties are not prorated.
  • —Roy Berendsohn

First Known Use of prorated

1894

in the meaning defined above

See Words from the same year
NEW! Time Traveler

Seen and Heard

What made you want to look up prorated? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!