Examples of prorate in a Sentence The player's annual salary was prorated because he only played for the last three months of the season. shares in the company's profits were prorated according to the workers' length of service Recent Examples on the Web Examples are automatically ...
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pro•rate (proʊˈreɪt, ˈproʊˌreɪt) v.-rat•ed, -rat•ing.v.t. 1.to divide, distribute, or calculate proportionately. v.i. 2.to make an arrangement on a basis of proportional distribution. [1855–60,Amer.; partial translation ofpro rata] ...
Pro Rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining...
pro·ra·tion[proh-, rey, -sh, uh, n],noun Discover More Word History and Origins Origin ofprorate1 An Americanism first recorded in1855–60;partial translation ofpro rata Discover More Example Sentences An ISA would be established for each worker, and each business hiring that worker would...
orcommercial valueof deposits of Minerals within the Expenditure Area.Without limiting the generality of the foregoing,Exploration Expendituresshall include the following: (a) apro rata share(allocated onan hourly basis) of thesalaries of(i) North Star's Denveroffice staffand (ii) North Star's ge...
(i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter ...
While a standard workload is usually assigned to one person who works full time, two people share the tasks with job sharing. They also often split the hours required for the completion of tasks, while salary and benefits are paid on a pro-rata basis....
that part of the economy concerned with the transactions of private individuals, businesses and institutions (thePERSONAL SECTOR, theCORPORATE SECTORand theFINANCIAL SECTOR, respectively). The private sector and thePUBLIC SECTORmake up the domestic economy and, together with theFOREIGN SECTOR, make up...
Retention bonuses may be paid as a lump sum or in a series of payments, such as at the beginning and at the end of a specific period. Should the agreement be modified or terminated early, the employee may receive a pro rata proportion of the bonus or may forego the bonus entirely. ...