pro rata
/pro rata/
Definition
- Adverb:
- In proportion; according to a calculated or allocated share: Used to indicate that an amount is to be distributed or calculated proportionally based on a specific rate, share, or fraction of a whole.
Usage
- The term "pro rata" is used to describe a proportional allocation. It is commonly employed in financial, legal, and business contexts to specify that payments, charges, distributions, or responsibilities are divided according to each participant's share of the whole.
- It is typically placed before the noun it modifies or used after a verb.
Examples
- Adverb:
- The bonus will be paid pro rata to the number of months each employee worked during the year.
- If you join the insurance plan mid-year, your premium will be calculated pro rata.
- The rent for the partial month was charged on a pro rata basis.
Advanced Usage
- "on a pro rata basis": This is a common prepositional phrase that explicitly states the method of proportional calculation.
- Dividends are distributed to shareholders on a pro rata basis.
- Used in formal agreements and contracts to define proportional terms.
- Your salary for the probation period is pro rata to the full-time equivalent.
Variants and Related Words
- Prorate (verb): To allocate, divide, or assess proportionally.
- The company will prorate the annual fee for new members.
- Prorated (adjective): Describes something that has been calculated proportionally.
- You will receive a prorated refund.
Synonyms
- Proportionally: In proportion.
- Proportionately: According to proportion.
- In proportion: Corresponding in size or amount to something else.
Related Phrases
- Pro rata share: An individual's proportional part of a whole.
- Each investor is liable for their pro rata share of the expenses.
- Pro rata clause: A provision in a contract, especially in insurance, that specifies how a payment will be divided proportionally among multiple parties or policies.
- The insurance policy contains a pro rata clause for concurrent coverage.
Adverb
-
in proportion
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