Prorated: meaning, definitions and examples
๐
prorated
[ หprษหreษชtษชd ]
finance, calculations
Prorated refers to the process of allocating an amount proportionally based on a specific time period or usage. It is commonly used in financial contexts, such as when calculating expenses, salaries, or insurance premiums. When an amount is prorated, it is divided among the relevant time segments, ensuring that each segment reflects the actual usage or occurrence. This method is particularly useful when dealing with partial periods or when funds are received or expended unevenly.
Synonyms
allocated, apportioned, divided.
Examples of usage
- The rental fee will be prorated for the days you won't be staying.
- You will receive a prorated salary for the month if you start mid-way through.
- The refund was calculated on a prorated basis.
- The company offers a prorated reimbursement for unused leave.
Translations
Translations of the word "prorated" in other languages:
๐ต๐น proporcional
๐ฎ๐ณ เค เคจเฅเคชเคพเคคเคฟเคค
๐ฉ๐ช anteilig
๐ฎ๐ฉ proporsional
๐บ๐ฆ ะฟัะพะฟะพัััะนะฝะธะน
๐ต๐ฑ proporcjonalny
๐ฏ๐ต ๆๆฏไพใฎ
๐ซ๐ท proportionnel
๐ช๐ธ prorrateado
๐น๐ท orantฤฑlฤฑ
๐ฐ๐ท ๋น๋ก์
๐ธ๐ฆ ูุณุจุฉ
๐จ๐ฟ proporcionรกlnรญ
๐ธ๐ฐ proporฤnรฝ
๐จ๐ณ ๆๆฏไพ็
๐ธ๐ฎ proporcionalen
๐ฎ๐ธ hlutfallslegur
๐ฐ๐ฟ ะฟะฐะนัะทะดัา
๐ฌ๐ช แแ แแแแ แชแแฃแแ
๐ฆ๐ฟ nisbษtษn
๐ฒ๐ฝ prorrateado
Etymology
The term 'prorated' stems from the Latin word 'pro rata,' which means 'in proportion.' The usage of this term has evolved over time, especially in financial and accounting contexts, where it is crucial to ensure that costs or benefits are fairly divided among various periods or participants. The concept of prorating began to gain popularity with the advent of modern accounting practices, as businesses needed a method to accurately reflect income and expenses over fractions of time. It allows for more equitable solutions to financial obligations, especially when timeframes do not align neatly with billing cycles or salary periods. The adaptation of the term into English solidified its place in both legal and commercial terminology in the late 19th to early 20th centuries.