# Is it pro rate or pro rata?

Pro rata is an adverb or adjective meaning in equal portions or in proportion. The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. Answer the questions you are looking for here. Top of the most correct and useful answers are shared for free.

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## Is it pro rate or pro rata? – Frequently asked questions

• ### What it means to pro rate?

Definition of prorate transitive verb. : to divide, distribute, or assess proportionately. intransitive verb.
• ### Pro rata is a Latin term…

Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to “in proportion,” which means a process where whatever is being allocated will be distributed in equal portions.
• ### If something is distributed pro rata,…

If something is distributed pro rata, it is distributed in proportion to the amount or size of something. All part-timers should be paid the same, pro rata, as full-timers doing the same job. Pro rata is also an adjective. They are paid their salaries and are entitled to fringe benefits on a pro-rata basis.
• ### How to calculate pro rata salaryDivide…

How to calculate pro rata salary
1. Divide the full-time annual salary by 52 (number of weeks)
2. Divide the result by 40 (standard full-time weekly hours) to get the hourly rate.
3. Multiply the hourly rate by the number of actual work hours per week.
4. Multiply this by 52 to get the annual pro rata salary.

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## Great posts about Is it pro rate or pro rata?

### Pro Rata: What It Means and the Formula to Calculate It

• Summary: Pro Rata: What It Means and the Formula to Calculate It What Is Pro Rata? Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to “in proportion,” which means a process where whatever is being allocated will be distributed in equal portions. If something is given out to people on a pro rata basis, it…
• Author: investopedia.com
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### Pro Rata – Definition, Uses, and Practical Example

• Summary: Pro Rata What is Pro Rata? 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 or calculated. In North American countries, pro rata is often referred to or referenced as “prorated.” Usefulness of Pro Rata Pro rata literally means the division of something to…
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### Prorate – Definition, Meaning & Synonyms – Vocabulary.com

• Summary: Prorate – Definition, Meaning & Synonyms To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month’s rent, she only charges you for the days you’ve actually lived in your apartment. The word prorate comes from the Latin pro rata, “according to the calculated share,” and when someone prorates a bill or payment, they only charge you…
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### What is the difference between pro rata and short rate …

• Summary: What is the difference between pro rata and short rate cancellations? – PNC LearningThere are 2 types of cancellations (ignoring flat rate), they are: pro rata and short rate.1. A pro rata cancellation is a full refund of any unearned premiums. This amount is proportional to the amount of time remaining on the policy. For example, if an insured pays a premium of \$12,000 for the…
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### Short-Rate vs Pro Rata Cancellation: What's the Difference?

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### What “Pro Rata” Means and How To Calculate It | Job Advice

• Summary: What “Pro Rata” Means and How To Calculate It | Job Advice Most of us have heard the term “pro rata”, generally when applying for a new job. The salary may be advertised as being pro rata, so it’s a pretty important aspect of the job. But if you’re unsure what pro rata pay is, the salary offered could be misleading. So what does the phrase actually mean?What is Pro Rata?The term “pro rata” comes from…
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### Pro Rata: 9 Prorated Examples | Calculation | Meaning …

• Summary: Pro Rata: 9 Prorated Examples | Calculation | Meaning & Definition | FinanceTuts How to Prorate Salary, Rent, Refund, Bill, Interest Rates, Share Dividends & More | Complete Guide Emilie N.- FCCA, CB, MBS Emilie is a Certified Accountant and Banker with Master’s in Business and 15 years of experience in finance and accounting from corporates, financial services firms – and fast…
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