prorate
/ˌprəʊˈreɪt/ verb [T]Definition
› ACCOUNTING to calculate a cost, payment, or price according to the number of hours worked, how much of something has been used, etc. in relation to a larger number of hours worked, a larger amount of something used, etc.: The bonuses for part-time employees should have been prorated based on their hours.
proration noun [U] › The Fund and Investment Manager may share facilities common to each, with appropriate proration of expenses between them.(Definition of prorate verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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