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

“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

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.

From The Wall Street Journal

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.

From Seattle Times

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

From Los Angeles Times

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

From Seattle Times