verb
- to divide, distribute, or assess proportionally
Usage: business; finance
Examples
- The company will prorate your salary based on your start date.
- Insurance premiums are prorated when you cancel mid-term.
- We need to prorate the rent since you’re moving out on the 15th.
- The bonus was prorated according to each employee’s hours worked.
- Property taxes are typically prorated at closing.
- The subscription fee will be prorated for the remaining months.