pro-rate
Verb (transitive): To pro-rate means to divide, distribute, or calculate something proportionally according to a specific factor, such as time, amount, or usage. It is often used in financial, billing, or administrative contexts to allocate costs or payments fairly.
- (The fee is calculated proportionally based on the remaining months.)
- (The rent is divided according to the number of days occupied.)
- (The bonus is distributed proportionally to each person's contribution.)
"to pro-rate a refund": to calculate a partial refund based on unused time or service.
- If you cancel your gym membership after three months, we will pro-rate a refund for the remaining nine months. (The refund is proportional to the unused period.)
"to pro-rate costs": to allocate expenses proportionally among multiple parties or projects.
- The department will pro-rate the software license costs across all teams using the tool. (Each team pays a share based on usage.)
Pro-ration (noun): the act or process of distributing proportionally.
- The pro-ration of the annual fee saved customers from paying for unused months. (The proportional distribution was applied.)
Pro-rated (adjective): adjusted or calculated proportionally.
- She received a pro-rated salary for the partial month she worked. (The salary was adjusted based on days worked.)
- Allocate proportionally: to assign shares based on a ratio.
- Distribute equitably: to divide fairly according to a standard.
- Prorate (variant spelling): the same word, often used interchangeably.
- Pro-rate out: to distribute proportionally among a group.
- We will pro-rate out the remaining budget to each department. (Divide the budget proportionally.)
- "On a pro-rata basis": a Latin phrase meaning in proportion; used as an adverbial equivalent.
- The subscription costs are calculated on a pro-rata basis. (The calculation is done proportionally.)
Note: "Pro-rate" is sometimes hyphenated as "pro-rate" or written as one word "prorate". Both forms are accepted in modern English. The word originates from the Latin phrase "pro rata" (according to the rate).
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