pro rata
Definition
Proportionate allocation or distribution of a quantity (such as costs, income, shares, taxes) on the basis of a common factor. For example, profit is generally divided among several stockholders (shareholders) on the basis of the amount of stock (number of shares) held by each. Latin for, according to the rate.
pro rata is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
pro rata appears in the definitions of the following terms:
unsecured creditor,
best efforts,
prorate,
joint and several liability,
cancelable insurance,
substantial performance,
performance of contract,
proration,
jointly and severally,
job sharing
and
pro rata appears in the other term: pro rata guarantee
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