prorate

[proh-reyt]

prorate Definition

• 1. to divide or distribute proportionally
• 2. to calculate or assess an amount proportionally

Using prorate: Examples

Take a moment to familiarize yourself with how "prorate" can be used in various situations through the following examples!

• Example

  The rent will be prorated based on the number of days you occupy the apartment.

• Example

  The bonus will be prorated based on the employee's length of service.

• Example

  The cost of the project will be prorated among the stakeholders.

• Example

  The insurance premium will be prorated if you cancel before the end of the policy period.

prorate Synonyms and Antonyms

Synonyms for prorate

• allocate
• apportion
• distribute
• divide
• proportion

Phrases with prorate

• prorated salary

  a salary that is calculated and paid proportionally for a partial pay period

  Example

  Her prorated salary for the first month was less than her regular salary.

• prorated refund

  a refund that is calculated and paid proportionally for a partial service period

  Example

  If you cancel your subscription before the end of the month, you will receive a prorated refund.

• prorated bill

  a bill that is calculated and charged proportionally for a partial service period

  Example

  Your phone bill for this month will be prorated because you changed your plan in the middle of the billing cycle.

Origins of prorate

from Latin 'pro rata', meaning 'in proportion'

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Summary: prorate in Brief

'Prorate' [proh-reyt] is a verb that means to divide or distribute proportionally. It is often used in financial contexts, such as calculating rent, bonuses, or refunds based on the length of time or service. Examples include 'The rent will be prorated based on the number of days you occupy the apartment.' and 'The insurance premium will be prorated if you cancel before the end of the policy period.'