prorate

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In general: allocate proportionally.

Magazines: process of calculating the price or term of a subscription, based upon a payment or a period of time other than the standard one-, two-, or three-year term and price offers. For example, if a magazine costs $24 for 12 issues and only 6 issues are ordered, the prorated price is $12. Similarly, if $18 is sent by the subscriber in payment, the term of the subscription will be prorated to 9 issues. Marketers usually prorate the term of subscriptions for which an underpayment or overpayment is received, rather than refund the difference or try to collect the remaining amount due.

To allocate between seller and buyer their proportionate share of an obligation paid or due; for example, when a house is sold to prorate real property taxes or insurance; or to refund unused rent or an unexpired subscription.

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To allocate between seller and buyer their proportionate share of an obligation paid or due; for example, to prorate real property taxes or insurance.


Example: Property taxes were $730, assessed for the calendar year and paid by the seller on April 30. The property was sold on September 15 (Figure 154). It is necessary to prorate property taxes so that the buyer and seller each pay a proportionate share for his or her ownership period. There are 107 days from September 15 to December 31. Therefore the buyer must pay $214 at closing, based on a daily rate of $2.

FIG. 154. PRORATE

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This entry contains information applicable to United States law only.

To divide proportionately. To adjust, share, or distribute something or some amount on a pro rata basis.

To divide or distribute a sum of money proportionately. For example, if one owned an automobile for only three months, an insurance company would prorate the annual premium by charging only one-quarter of it.

n

A clause in a contract with participating dentists wherein they agree to accept a percentage reduction in their billings to offset the amount by which the total cost of services provided exceeds the total premium received. Prorating is a method of spreading a “loss” equitably among participating dentists.

See words rhyming with "prorate."

Dansk (Danish)
v. tr. - fordele forholdsmæssigt
v. intr. - afgøre en sag ved forholdsmæssig fordeling

Nederlands (Dutch)
naar verhouding berekenen

Français (French)
v. tr. - diviser (qch) au prorata, calculer (qch) au prorata
v. intr. - affecter au prorata

Deutsch (German)
v. - anteilsmäßig verteilen

Ελληνική (Greek)
v. - επιμερίζω αναλογικά

Italiano (Italian)
dividere proporzionalmente, ripartire

Português (Portuguese)
v. - ratear proporcionalmente

Русский (Russian)
пропорционально распределять

Español (Spanish)
v. tr. - prorratear
v. intr. - prorratearse

Svenska (Swedish)
v. - fördela (beräkna) proportionellt

中文（简体）(Chinese (Simplified))
按比例分配

中文（繁體）(Chinese (Traditional))
v. tr. - 按比例分配
v. intr. - 按比例分配

한국어 (Korean)
v. tr. - 비례 배분하다
v. intr. - 할당하다

日本語 (Japanese)
v. - 比例配分する, 割り当てる

العربيه (Arabic)
‏(فعل) قسم أو وزع وفقا للحصص‏

עברית (Hebrew)
v. tr. - ‮חילק לפי הערך היחסי‬
v. intr. - ‮עשה הסדר על בסיס חלוקה יחסית‬

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