proration

[proh-rey-shuhn]

proration Definition

• 1. the act or process of dividing or distributing something proportionally
• 2. the proportional distribution of expenses or benefits

Using proration: Examples

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

• Example

  The proration of the bonus will be based on the employee's performance.

• Example

  The proration of the rent will be calculated based on the number of days stayed.

• Example

  The proration of the cost will be shared equally among the participants.

proration Synonyms and Antonyms

Synonyms for proration

• allocation
• distribution
• division
• apportionment

Phrases with proration

• proration factor

  a percentage used to calculate the proportional distribution of something

  Example

  The proration factor for the bonus will be determined by the manager.

• proration date

  the date from which the proportional distribution of something is calculated

  Example

  The proration date for the rent will be the first day of the month.

• proration method

  the formula or rule used to calculate the proportional distribution of something

  Example

  The proration method for the cost will be based on the number of participants.

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Summary: proration in Brief

Proration [proh-rey-shuhn] refers to the proportional division or distribution of something, such as expenses or benefits. It involves calculating a proration factor, date, or method to determine the proportional share of each party. Examples include the proration of a bonus based on performance, rent based on days stayed, or cost based on the number of participants.