Prorated

Definition of prorated : Divided based on another value, usually a unit of time. Common examples of things that are prorated are rent or utility bills, which are . The rent was prorated for the rest of the month”. To calculate the prorated charge, determine the property tax paid for the year and divide the tax by 3days to obtain the cost per day.

From Longman Business Dictionaryproratepro‧rate . Meaning of prorated as a legal term.

The process of determining the pro rata portions. In real estate, the term comes up frequently at a closing,when allocating certain property expenses. With prorated billing, charges are calculated based on the cost per day, so you only pay for the number of days. English-language style guides.

In order to calculate the prorated rent amount you must take the total rent due, divide it by the number of days in the month to determine a daily rent amount. For example, your U. Prorated Tax Calculator. Pro rata is the term used to describe a proportionate allocation.

It is a method of assigning an amount to a fraction according to its share of the . The word “prorate” comes from the term “pro rata,” which means equal portions. When it comes to rental payments, these . The application will be pro-rated according to the rules that have been defined ( but selected extra charges will not be pro-rated ). SWAP prorated IN A SENTENCE. Join our early testers!

See how your sentence looks with different synonyms. What is a prorated salary? You pay salaried employees predetermined wages. Our membership year runs Aug. Your initial dues will be prorated based on the month you join.

Renewal payments are due each year by July . Your PTO hours are reflected in Workday and are prorated for part-time schedules and leaves. Case A: Current support, health insurance premium and prorated arrears. A prorated salary is when an employee is owed the amount of their salary proportionate to the number of days that were worked.

Why not just remove the option to switch plans mid-cycle and set up non- prorated billing? Several businesses do choose to go with this. But while it seems .

Sick leave is pro-rated to ensure that the responsibilities placed on the employer are proportional to the length of service of the employee. In accordance with the .