Q: What does pro rata mean when taking money from an annuity?

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It means in direct proportion.

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

Pro rata in latin means " a proportion" when it comes to salary and it says eg.16 hours per wk part time, salary Â£10,000 pro rata. Â£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 Â£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)= Â£4324 this is what you will earn this is a example of pro rota.

That is the correct spelling of the verb "prorate" (from pro rata),meaning to charge or distribute proportionately.

For example: If a person's estate is distributed on a pro rata basis, each claimant in the estate is entitled to that portion of the estate based on the amount of his/her claim. Let's say the estate is currently worth $10,000. You have a claim against the estate for $20,000, and your sister has a claim against the estate for $2,000. There is not enough money to pay either one of you in full. This is where pro rata takes place. You compare your claim to the size of the other claim. Your claim is ten times what your sister's claim is. You will receive ten times whatever she gets, up to the amount that is in the estate. Since the estate is only $10k, you have to divide it by 11 (your share of 10 to her share of 1) 10:1. For every one dollar she gets, you get ten. So the mathematical equation: 10,000/11=909 Each part is worth $909. She only gets one part. You get ten. You will receive $9,090 and your sister will get $909. Just to be fair....I would split the last dollar with her so you each get .50 more.

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they get paid $14.000 a year pro rata

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

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.

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