prorate

American  

[proh-reyt, proh-reyt] / proʊˈreɪt, ˈproʊˌreɪt /

verb (used without object)

prorated, prorating

1. to make an arrangement on a basis of proportional distribution.

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verb (used with object)

prorated, prorating

1. to divide, distribute, or calculate proportionately.

prorate British  

/ prəʊˈreɪt, ˈprəʊreɪt /

verb

1. to divide, assess, or distribute (something) proportionately

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prorate Cultural  

1. To divide or distribute a sum of money proportionately. For example, if one owned an automobile for only three months, an insurance company would prorate the annual premium by charging only one-quarter of it.

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Other Word Forms

• proratable adjective
• proration noun

Etymology

Origin of prorate

An Americanism first recorded in 1855–60; partial translation of pro rata

Example Sentences

If investors as a group request more than 5%, the funds have to choose: honor the whole ask, or stick to the limit and prorate every investor.

From The Wall Street Journal

While it lacks live support and has a prorated refund policy, these drawbacks are minor.

From Salon

Private credit funds are experiencing a surge in redemption requests due to anxieties over problem loans, leading some to prorate payouts.

From Barron's

At the end of that window, if the total exceeds the typical 5% cap, all the requests can be prorated.

From The Wall Street Journal

“We expect that this higher-than-expected capital generation is at least partly explained by management’s comment that the “natural catastrophe experience… was below the prorated annual budget”, they say.

From The Wall Street Journal