This means in proportion to. For example, if ten items cost £100, you would expect three items to cost £30, if they were pro rata.
Latin, meaning at a proportionate rate i.e. a rate which varies depending on the size of something.
In proportion Dividends distributed on a Pro Rata basis would be according to the amount of investment
A form of reinsurance in which premiums and losses are shared proportionately between cedant and reinsurer. One such reinsurance agreement is quota share, in which the same percentage applies to all policies reinsured. Another is surplus share, in which the percentage may vary from policy to policy and usually increases as policy limits increase.
An equal share or proportionate share of debtor's assets after liquidation.
Latin, meaning "according to the rate." pro rata refers to dividing something (costs, income, profits, assessments, proceeds from a liquidation, etc.) Among participants according to a rate in which each participant's share is in proportion to the part of the whole owned or claimed by the participant.... read full article
In proportion; according to a certain percentage or proportion of a whole.
In proportion Recognised investment exchange A place where shares in a quoted company may be dealt
Proportionately; according to measure, interest, or liability. In the case of a tenant, the proportionate share of expenses for the maintainenance and operation of the property. See also " Common Area" and " Operating Expenses".
Used to determine a part payment. For example, something which is priced at £120 for 12 months would cost £60 for 6 months or £30 for 3 months on a pro rata basis.
Latin: to divide proportionate to a certain rate or interest. For example, in a company with 400 shareholders, 100 with 25% and 300 with 75% of the shares, if the company received a gift of $10,000 and desired to split it "pro rata" among the shareholders, the shareholders with 25% of the shares would receive $25 and the 75% shareholders, $75.
In proportion or proportionately. E.g. a pro rata premium is the proportionate amount of the total premium for the actual time the policy has been in force.
An equal amount, according the fraction held by each.
This means "in proportion to." For example, a dividend is a pro rata payment because the amount of dividend each shareholder receives is in proportion to the number of shares he or she owns.
Latin: to divide proportionate to a certain rate or interest. For example, if a company with two shareholders, one with 25% and the other with 75% of the shares, received a gift of $10,000 and desired to split it "pro rata" between the shareholders, the shareholder with 25% of the shares would receive $2,500 and the 75% shareholder, $7,500.
1. 'According to the rate' (Latin); 2. In proportion to a total amount. For example, if a contract is terminated prior to the end of the period for which payment has been given, a pro rata return of the payment is made, in proportion to the unused period of time remaining.