prorate Meaning in the Cambridge English Dictionary
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Meaning of “prorate” in the English Dictionary

"prorate" in British English

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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.
adjective uk   us   /-ˈreɪ.tɪd/
specialized finance & economics Attendees ​joining the ​courselater will ​pay a prorated ​fee.
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(Definition of prorate from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"prorate" in Business English

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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.
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)
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