Meaning of pro rata amount
WebMore specifically, pro rata means: In proportionality to some factor that can be exactly calculated [2] [3] To count based on an amount of time that has passed out of the total time Proportional ratio [4] Pro rata has a Latin etymology, from pro, according to, for, or by, and rata, feminine ablative of calculated (rate or change). [5] WebA pro rata cancellation is a full refund of any unearned premiums. ... For example, if an insured pays a premium of $12,000 for the year, but the policy is cancelled after 6 months on a pro-rata basis, the insurer returns $6000 to the insured—50% of the policy remaining means 50% of the premium is refunded .
Meaning of pro rata amount
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WebMar 27, 2024 · Something that is pro rata is allocated in proportion to its share of the whole. Each company in the group pays its pro rata share of losses and expenses. They are paid … WebFeb 3, 2024 · Pro rata is a calculation that determines the fair distribution of a fixed amount. These calculations are common for issuing dividends and determining part-time …
WebTranslations in context of "pro rata subject to their participation" in English-Spanish from Reverso Context: For the avoidance of doubt, any amounts referred to hereinabove in this definition are amounts attributable to a New Depositor only and are allocated pro rata subject to their participation in the revenue/costs generating events and the Affiliate … WebRelated to Founder Pro Rata Percentage. Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.. Effective Date means the date on which the conditions …
Web“Pro rata” refers to a fair and equitable method of distributing something. The term is derived from Latin, and it means “in proportion” or “proportionally.” Using this method, each party receives a share proportional to their contribution or entitlement, ensuring fairness in the distribution process. WebMar 13, 2024 · Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be measured …
WebPro Rata Contribution means, with respect to each Company Shareholder, an amount equal to the quotient obtained by dividing (a) the amount of Merger Consideration actually received by such Company Shareholder and not yet contributed pursuant to this Section 10.14 by (b) the aggregate amount of cash payable by such class of Company …
WebApr 8, 2024 · Pro rata temporis prō ra´ta tām´pōrēs . prō râ´tu tempō´ris . adj. “At the rate for the time.”At a rate (of interest, growth, etc.) proportional to the time allotted. ... Access to the complete content on Oxford Reference requires a subscription or purchase. smith-victorWebSep 6, 2024 · In business and finance, the term “pro rata” is used to describe the allocation of something (often money or shares) in proportion to other amounts. For example, if a … riverina water enoticesWebMar 16, 2024 · A pro-rata salary is when employers pay their employees for the number of hours they worked in proportion to what they would earn if they worked full-time. This … riverina weatherWebA prorated salary is when a salaried employee gets paid based on the number of hours or days they work in a pay period, instead of their regular salary. Sometimes called a pro-rata salary, prorated salaries are used for employees that don’t work the standard number of days or hours in a pay cycle, typically due to unpaid leave. river in a valleyWeb“Pro rata” refers to a fair and equitable method of distributing something. The term is derived from Latin, and it means “in proportion” or “proportionally.” Using this method, each party … smithview equestrianWebApr 8, 2024 · Pro rata, in Latin means "in proportion." It's a catch-all phrase for any situation in which something is divided into parts proportional to people's total stake. To rephrase, "pro rata" means that each person receives an amount equal to their part of the total. smith vice with helmetWebpro rata adjective formal (also pro-rata) uk / ˌprəʊˈrɑːtə / us / ˌproʊˈreɪtə / relating to a calculation of something such as pay or benefits according to a smaller number of hours … riverina warwick