prorate

[proh-reyt, proh-reyt]

verb (used without object)

prorated, prorating 

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

verb (used with object)

prorated, prorating 

1. to divide, distribute, or calculate proportionately.

prorate

/ prəʊˈreɪt, ˈprəʊreɪt /

verb

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

prorate

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.

Other Word Forms

• proratable adjective
• proration noun

Word History and Origins

Origin of prorate¹

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

Word History and Origins

Origin of prorate¹

C19: from _{pro rata}

Example Sentences

“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.

Read more on The Wall Street Journal

So far, some cardholders say, Citi has declined to prorate the annual fee to account for the weeks they were unable to use their cards.

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It’s worth remembering that New York agreed to pay all his salary other than a prorated share of the minimum, as required by league rules.

Read more on Seattle Times

After that, the reduction will be prorated, Prang’s office said.

Read more on Los Angeles Times

MLB has not finalized regular payrolls, which are based on 2023 salaries and earned bonus plus prorated shares of signing bonuses.

Read more on Seattle Times