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proration

[ proh-rey-shuhn ]
/ ˌproʊˈreɪ ʃən /
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noun
the act of dividing, distributing, limiting, or calculating something proportionately, as fees, wages, quotas, funding, etc.: Supporting memberships are available at $5,000 per year, with no proration for a term of less than one year.The school superintendent had assumed a $650 per-pupil proration for the current fiscal year.
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Origin of proration

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use proration in a sentence

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