Basics of Pro-Rata Cancellation One example of where you'll see the term pro-rata in insurance is inpro-rata cancellationterms in insurance policies. These provide that if an insurance policy is canceled during its normal term, such as a year, the only premium due to the insurance company i...
An encyclopedia entry about pro rata share in leases is presented. The cost of insurance, taxes, management, maintenance and utilities known as operating costs are sometimes shared by the landlord with tenants in a multitenant building. The additional costs imposed by landlords to tenants based on...
Pro rata typically means that each party or person receives their fair share in proportion to the whole. Pro rata calculations can be used in many areas including determiningdividendpayments. These are cash payments by corporations made to shareholders. Pro rata in the insurance industry is used t...
What is the definition of pro rata share?Originating from the Latin term in proportion, pro rata allocates equal fractions of an amount. The method takes into account a smaller percentage of the entire amount and allocates a relevant cost to that percentage. For instance, when costs relate to...
Apro rata clausein an automobile insurance policy provides that when an insured person has other insurance policies covering the same type of risk, the company issuing the policy with the pro rata clause will be liable only for a proportion of the loss represented by the ratio between its poli...
aEighty percent (80%) of the total or pro rata local freight and insurance amount upon delivery to Site within sixty (60) days after receipt of invoice. 正在翻译,请等待... [translate] 英语翻译 日语翻译 韩语翻译 德语翻译 法语翻译 俄语翻译 阿拉伯语翻译 西班牙语翻译 葡萄牙语翻译 意大利语...
pro rata (redirected fromPro-Rating) Thesaurus Medical Legal Financial pro ra·ta (prō rā′tə, rä′-, răt′ə) adv. In proportion, according to a factor that can be calculated exactly. [Latinprō ratā (parte),according to the calculated (share):prō,according to+ratā, feminin...
Apro rata cancellationis a cancellation on an insurance policy in which the policyholder is fully refunded for premiums that have been paid in advance. ... For example, if the policy is for one year, but only six months have passed, the broker and insurer have earned half of the premium...
Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term. Lease Payment means any form of payment, including a land lease, by a public entity to the ...
Define Prorata Basis. means prorated according to the time worked while employed. This is expressed as a percentage of time worked by full-time employees.