prorated
Definition
Divided based on another value, usually a unit of time. Common examples of things that are prorated are rent or utility bills, which are reduced based on the amount of time you have lived in the house. If you start living in a residence mid-month, your bills are usually prorated to take into account that you only lived there a percentage of the regular billing cycle.
email to a friend
print this definition
cite this definition
link to this page
prorated is in the General Business and Statistics, Mathematics, & Analysis subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/prorated.html