define pro rated - MARKETING
Define Pro-Rated. Pro-Rated synonyms, Pro-Rated pronunciation, Pro-Rated translation, English dictionary definition of Pro-Rated. adv.
Understanding the Context
In proportion, according to a factor that can be calculated exactly. pro-ra′ta adj. American Heritage® Dictionary of the English Language, Fifth... The meaning of PRORATED is divided, distributed, or assessed proportionately (as to reflect an amount of time that is less than the full amount included in an initial arrangement).
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PRORATED definition: (especially of charges or payments) calculated in proportion to some other quantity, such as time. See examples of prorated used in a sentence. Attendees joining the course later will pay a prorated fee. Any new projects would be funded on a prorated basis. If a cost is prorated, it is divided or assessed in a proportional way.
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If weather and/or sea conditions cause your trip to return early, the boat fare will be prorated. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. Webster’s New World College Dictionary, 5th Digital Edition. Pro-rated means you pay only for the portion you use. Learn how the math works and where it shows up in rent, payroll, insurance, and real estate.
Pro-rating divides a fixed cost into smaller portions so you only pay for the share you actually use. When a service or product is prorated, the cost is calculated based on the exact portion used rather than a standard billing cycle. For example, if your monthly software subscription costs $30, but you only use it for half the month, a prorated charge would be $15. Prorated means to divide or distribute proportionately.