what is pro rated. For salary cap accounting purposes, this lump sum can be prorated (divided evenly) over the length of the contract to spread out the amount that counts against the cap. Attendees joining the course later will pay a prorated fee. Any new projects would be funded on a prorated basis. prorate something to calculate a payment according to how much of something has been used, the amount of work done, etc. The bonus will be prorated according to salaries. Questions about grammar and vocabulary? Find the answers with Practical English Usage online, your indispensable guide to problems in English.
If someone has been a customer for less than a year, you can offer them a prorated fee corresponding to the actual time they've used your services when it comes time to bill them. When a service or product is prorated, the cost is calculated based on the exact portion used rather than a standard billing cycle. For example, if your monthly software subscription costs $30, but you only use it for half the month, a prorated charge would be $15.
Learn what prorated means, how to calculate it, and examples. Understand how costs or payments are adjusted proportionally for partial periods. What Does Prorated Mean and How Is It Calculated? Proration explained: Discover the simple formula used to fairly calculate proportional costs for partial periods in employment, rent, and more. Define prorated. prorated synonyms, prorated pronunciation, prorated translation, English dictionary definition of prorated. v. pro rat ed , pro rat ing , pro rates v. tr. To divide, distribute, or assess proportionately. v. intr. To settle affairs on the basis of proportional...
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