In insurance, the proportionate reduction in the amount of benefits payable as provided in the contract; for example, because the insured has changed to a more hazardous occupation since the issuance of medical policy, or because benefits payable by all the insured's disability insurance exceed his or her current or average earnings over the preceding two years, or because he or she is actually older than stated in a life insurance application, etc.

Divided expenses between the buyer and the seller at the time of the closing.