pro rata

Definition of "pro rata"
  1. A Latin term meaning 'in proportion,' used to describe a fractional share received or payment made based on ownership, responsibility, or time
How to use "pro rata" in a sentence
  1. The shareholders were paid dividends on a pro rata basis.
  2. The cost of the shared office space was divided pro rata among the businesses.
  3. He received pro rata payment for the part of the project he completed.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z