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A method of equally and proportionately allocating money, profits or liabilities by percentage. For example, if a gas company is found to have overcharged consumers and is subsequently forced to pay rebates, each consumer would get an amount proportionate to the amount he or she overpaid in the first place. Specifically, it's Latin for "according to the rate"; method of proportionate allocation.
In bankruptcy it indicates the percentage or share of the debtor's assets/money that is paid to each creditor. In Insurance it indicates cancellation of an insurance policy or bond by the insurer with the return premium credit being the full proportion of premium for the unexpired term of the policy.
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What is prorata basis?
In means 'in proportion'. For example, if money is given out pro rata, every one gets an equal share
What is the answer to Daily telegraph GK crossword 13 across?
long appetizer
What do you mean by contract?
contract is a aggrement between two party.
What does contract mean in muscle?
contract in science means to get smaller.
What does the word contract means?
Contract can mean to shrink, or it can be a business deal.
Do you agree that an agreement and a contract are one the same?
no i dont. if i agreed with you does that mean we have a contract??
What does contract amendment mean?
Making changes to a contract. It has nothing to do with the US Constitution.
Does an executed contract have two meanings?
"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.
What does healing contract mean?
uhiugnrgijngj
Does rescission mean cancellation of a contract?
When both parties agree to 'cancel' a contract and return the state they were in before they made the contract.
What does contract and indebtedness mean?
It means that some says that you owe them money and they have a contract that says this.
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
