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Pro rata refers to the proportional distribution of funds from an annuity based on the amount of money being withdrawn relative to the total value of the annuity. When taking money out pro rata, the withdrawal amount is calculated to ensure that all parties or portions of the annuity are treated equitably. This method ensures that any gains, losses, or costs are proportionally allocated based on the amount taken out compared to the overall account balance.

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2d ago

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What does pro rata basis mean?

It means in direct proportion.


Sample questions pro-rata?

can you please explain to me what pro-rata means regarding my holiday entitlement


What does pa pro rata mean?

"Pro rata" is a Latin term meaning "in proportion" or "proportionately." It is commonly used in finance and business to describe the allocation of expenses, revenues, or benefits based on a specific ratio or percentage relative to the whole. For example, if an employee works a fraction of the year, their salary might be calculated on a pro rata basis, reflecting only the portion of the year they worked.


What does pro rata per annum mean?

"Pro rata per annum" refers to a method of calculating an amount proportionally over a year. It is commonly used in financial contexts, such as determining interest, salaries, or benefits that are distributed based on a fraction of the year. For example, if a salary is paid pro rata per annum, an employee who worked only part of the year would receive a salary calculated based on the time they were employed, rather than the full annual amount.


What is a pro rata payment?

A pro rata payment is a proportional allocation of a total amount based on the share or portion owed to an individual or entity. It is commonly used in situations such as salaries, dividends, or billing, where the payment is calculated based on the time worked, services rendered, or the stake held. For example, if an employee works part of a pay period, their salary may be calculated on a pro rata basis to reflect only the days worked.