pro rata basis definition - MARKETING
Pro rata is a term used to describe a proportionate allocation. It's a method of assigning an amount to a fraction according to its share of the whole. In the context of a term sheet, pro rata rights (or pro rata) govern whether investors may continue to invest in subsequent rounds of funding in proportion with their ownership.
Understanding the Context
Investors with pro ... pro- prefix us/proʊ/ supporting or approving of something: pro-American (Definition of pro from the Cambridge Academic Content Dictionary © Cambridge University Press) Definition of pro noun from the Oxford Advanced Learner's Dictionary. a person who works as a professional, especially in a sport. He handled the situation like an old pro (= somebody who has a lot of experience).
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Key Insights
She’s a real pro. pro noun - Definition, pictures, pronunciation and usage notes | Oxford ...