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proportionally, equally, uniformly, indiscriminately
SAT 20 (Scholastic Assessment Test), High School 1, Distribution and Supplementary
allocated,apportioned,distributed,divided,fractionally,partly,proportionally,proportionately,prorated,rationed,segmentally,shared
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pro-rata
IPA:
Dictionary definition of pro-rata
To describe a method of allocating or distributing something based on a proportion or ratio.
"The company distributed the profits pro rata among the shareholders."
Detailed meaning of pro-rata
"Pro rata" is a Latin phrase that translates to "in proportion." It is used to describe a method of allocating or distributing something based on a proportion or ratio. The term is commonly used in business, finance, and law.
In business, pro rata allocations are used to divide expenses, revenues, or assets among different parties in proportion to their respective interests. For example, if a company has several shareholders, pro rata dividends would be paid out to each shareholder in proportion to the number of shares they own.
In finance, pro rata allocations are used to divide interest, principal, or other payments among different securities or creditors in proportion to their respective claims.
In law, pro rata allocations are used to divide assets, liabilities, or other obligations among different parties in proportion to their respective rights or responsibilities.
In general, pro rata refers to the process of dividing or allocating something in proportion to a specific ratio or percentage, usually based on a set of agreed upon rules or guidelines.
Example sentences containing pro-rata
1. The employee's salary was increased pro rata with the number of hours worked.
2. The company's assets will be sold pro rata to the shareholders in the event of liquidation.
3. The rent for the property will be adjusted pro rata for the remaining lease term.
4. The club's membership fee was divided pro rata among the members.
5. The company's expenses will be allocated pro rata among the departments.
6. The insurance policy will be prorated pro rata based on the number of days the policy was in effect.
History and etymology of pro-rata
The adverb 'pro-rata' has its etymology deeply rooted in Latin, specifically in the phrase 'pro rata parte.' 'Pro' in Latin means 'for' or 'in proportion to,' and 'rata' is the feminine ablative form of 'ratus,' which means 'fixed' or 'established.' When combined, 'pro-rata' essentially means 'for a fixed or established proportion.' This etymological origin perfectly aligns with its modern usage, where it describes a method of allocating or distributing something based on a proportion or ratio. 'Pro-rata' reflects the idea of dividing or distributing something fairly and equitably, in accordance with a predetermined ratio or share. Its Latin roots highlight the precision and fairness inherent in the concept of 'pro-rata' allocation.
Further usage examples of pro-rata
1. The prize money will be distributed pro rata among the winners of the tournament.
2. The company's revenue will be distributed pro rata among the employees as a bonus.
3. The company's liabilities will be divided pro rata among the creditors in the event of bankruptcy.
4. The project's budget will be allocated pro rata among the different stages of the project.
5. The company's profits will be distributed pro rata based on the number of shares held by each shareholder.
6. They decided to divide the year-end bonus pro-rata among employees, considering their individual performance and contribution.
7. In shared office spaces, the cost of utilities and maintenance is typically split pro-rata among the tenants based on the square footage they occupy.
8. The company adjusts salaries pro-rata for part-time workers, ensuring that they are fairly compensated for their hours worked.
9. Employees are granted vacation days pro-rata to their years of service, with longer-serving staff receiving more time off.
10. When allocating the annual budget, each department's allocation is determined pro-rata according to its specific needs and priorities.
11. In a condominium, the expenses for common areas, like landscaping and maintenance, are shared pro-rata among the unit owners based on their ownership percentage.
12. Shareholders receive dividends pro-rata per share they hold, with larger shareholders receiving a proportionally higher payout.
13. The interest earned on a savings account is typically calculated pro-rata to the amount of money deposited.
14. New members who join the club mid-year pay membership fees pro-rata for the remaining months until the annual renewal date.
15. Scholarships are awarded pro-rata to students' grades, with higher achievers receiving larger awards.
16. Rent for residential leases is often charged pro-rata for partial months, such as move-in or move-out periods.
17. In the event of service cancellations, customers are entitled to receive a refund pro-rata to the unused portion of their subscription.
18. Voting power in a corporation is distributed pro-rata to the number of shares each shareholder holds.
19. Insurance companies assess premiums pro-rata based on the level of coverage provided, ensuring that policyholders pay in proportion to their risk.
20. Project deadlines may be adjusted pro-rata to account for unexpected delays or extensions.
21. Profits from an investment fund are distributed pro-rata to the amount of money each investor has contributed.
22. Pension benefits are typically determined pro-rata to the number of years an employee has worked for the company.
23. Sales representatives earn commission pro-rata to the volume of sales they generate, incentivizing higher sales performance.
24. Fees for using a service may be assessed pro-rata for partial usage, ensuring fair pricing for users.
25. Overtime pay is calculated pro-rata for additional hours worked beyond the standard workweek, providing compensation for extra effort.
Synonyms for pro-rata
Quiz categories containing pro-rata
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