prorate Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “prorate” in the English Dictionary

"prorate" in British English

See all translations

prorateverb [T]

uk   /prəʊˈreɪt/  us   /proʊ-/
specialized finance & economics to ​calculate a ​cost, ​payment, or ​priceaccording to the ​amount of something that has been used, in ​relation to the ​fixedrate for a ​largertotalamount: The ​rental will be prorated if ​occupancy does not ​begin on the first ​day of the ​month.
prorated
adjective uk   us   /-ˈreɪ.tɪd/
specialized finance & economics Attendees ​joining the ​courselater will ​pay a prorated ​fee.
See also
(Definition of prorate from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"prorate" in Business English

See all translations

prorateverb [T]

uk   us   /ˌprəʊˈreɪt/
ACCOUNTING to ​calculate a ​cost, ​payment, or ​price according to the ​number of ​hoursworked, how much of something has been used, etc. in relation to a larger ​number of ​hoursworked, a larger ​amount of something used, etc.: The ​bonuses for ​part-timeemployees should have been prorated ​based on their ​hours.
proration
noun [U]
The Fund and Investment Manager may ​sharefacilities common to each, with appropriate proration of ​expenses between them.
(Definition of prorate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of prorate?
Add Cambridge dictionaries to your browser to your website
Word of the Day

chestnut

a large tree with leaves divided into five parts and large round nuts that can be eaten

Word of the Day