can you please explain to me what pro-rata means regarding my holiday entitlement
It means in direct proportion.
Pro rata in latin means " a proportion" when it comes to salary and it says eg.16 hours per wk part time, salary £10,000 pro rata. £10,000 is what a full time person will get therefor if you are only getting 16 hours a week you will only be getting a proportion on the £10,000. so to work out what you will earn you need to know how many hours a full time person works. eg full time 37 hours 16(part time hours)/37(full time) x salary (10,000)= £4324 this is what you will earn this is a example of pro rota.
Example sentences for the noun 'allotment':An allotment of water was distributed to each tornado victim.We calculated the grant allotment at twelve dollars per student.We were able to purchase it with a government allotment.
That is the correct spelling of the verb "prorate" (from pro rata),meaning to charge or distribute proportionately.
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Pro - rata allotment of shares is opted by the Company when there is an over-subscription. The excess application money is adjusted towards the sum due on allotment. We calculate the amount of Pro - rata in the following way: Suppose X Ltd invited applications for 1,00,000 shares and received applications for 1,50,000 shares. In this case the pro - rata is calculated as 1,50,000/1,00,000 = 3:2. Hence the Pro - rata is 3:2.
To cause any share to be composed of property different in kind from any other share and to make pro rata and non pro rata distributions
can you please explain to me what pro-rata means regarding my holiday entitlement
A pro rata salary means you are earning a percentage of that yearly salary. For example if your pro rata salary was $16k and you worked 50% of full time hours you would earn $8k.
It's two words, and means 'in proportion'. If twenty sausages cost £10 then you'd pro rata to find the cost of 123 of them
This question is nonsense.
The process of allocating shares between shareholders usually pro rata or according to some prior agreement. The allotment may have conditions, which must be satisfied before the shares are issued, eg payment for them. This precedes the actual issue of shares.
It means in direct proportion.
To calculate pro rata bonus percentages you need to determine how you want to prorate the amount and how much you need to prorate. Online pro rata calculators are the easiest way to calculate percentages.
they get paid $14.000 a year pro rata