PRORATE Meaning and
Definition
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Prorate is a verb that refers to the allocation, distribution, or calculation of something proportionally based on a particular factor, usually relating to time or to a specific period. The word is often used in financial and business contexts, as well as in other fields such as insurance or engineering.
When applied to finances, prorating involves dividing or apportioning an expense, payment, income, or account in relation to a specific period or under certain circumstances. This could involve calculating the proportions for billing or reimbursement purposes, especially when a service or product is only provided or used for a portion of the standard billing cycle. For example, if a monthly subscription fee of $100 is prorated for a customer who signs up halfway through the month, the prorated amount would be $50.
Furthermore, prorating is commonly employed in the insurance industry to determine the premium or coverage based on the remaining time left in a policy period. It ensures that clients are billed or refunded according to the precise time frame during which they are insured.
In a broader sense, prorating can also refer to the fair or proportional division of any resource, responsibility, or benefit among multiple parties based on specific criteria or in accordance with applicable guidelines or laws.
In summary, prorate is a term used to describe the fair allocation or distribution of something according to specific factors or circumstances, particularly in financial, business, or time-related contexts.
Common Misspellings for PRORATE
Etymology of PRORATE
The word "prorate" is derived from two Latin words: "pro" meaning "for" or "forward" and "rata" meaning "rate". The term "prorate" was first recorded in English in the late 19th century and it refers to the act of proportionally distributing or allocating something, especially in terms of costs, expenses, or fees, based on a certain rate or proportion.
Similar spelling words for PRORATE
- perorate,
- Priorate,
- prorata,
- Brairette,
- pyroaurite,
- Broward,
- proration,
- priority-setting,
- preriot,
- BRURD,
- non-priority,
- brierwood,
- brierroot,
- priority,
- prorodeo,
- pro rata,
- prewrite,
- Boruret,
- berrard,
- briard,
- bareword,
- Braird,
- preradio,
- bararite,
- berhard,
- low-priority,
- barriered,
- burrard,
- Bearherd,
- berard,
- priorat,
- Bearward,
- lower-priority,
- pererrate,
- briared,
- bearhart,
- prewired,
- top-priority,
- highest-priority,
- breard,
- broyard,
- preread,
- Braiard,
- beerheart,
- berardo,
- PRART,
- Berardi,
- PRIROUTE,
- priority-mail,
- Briered,
- priroda,
- brerewood,
- priority-based,
- pruritus,
- briarwood,
- briarroot,
- breered,
- bearwort,
- priorite,
- higher-priority,
- Burwort,
- prairied,
- Prurit,
- high-priority.
Conjugate verb Prorate
CONDITIONAL PERFECT
I
would have prorated
you
would have prorated
he/she/it
would have prorated
we
would have prorated
they
would have prorated
I
would have prorate
you
would have prorate
he/she/it
would have prorate
we
would have prorate
they
would have prorate
CONDITIONAL PERFECT PROGRESSIVE
I
would have been prorating
you
would have been prorating
he/she/it
would have been prorating
we
would have been prorating
they
would have been prorating
CONDITIONAL PRESENT
I
would prorate
you
would prorate
he/she/it
would prorate
we
would prorate
they
would prorate
CONDITIONAL PRESENT PROGRESSIVE
I
would be prorating
you
would be prorating
he/she/it
would be prorating
we
would be prorating
they
would be prorating
FUTURE
I
will prorate
you
will prorate
he/she/it
will prorate
we
will prorate
they
will prorate
FUTURE CONTINUOUS
I
will be prorating
you
will be prorating
he/she/it
will be prorating
we
will be prorating
they
will be prorating
FUTURE PERFECT
I
will have prorated
you
will have prorated
he/she/it
will have prorated
we
will have prorated
they
will have prorated
FUTURE PERFECT CONTINUOUS
I
will have been prorating
you
will have been prorating
he/she/it
will have been prorating
we
will have been prorating
they
will have been prorating
IMPERATIVE
you
prorate
we
let´s prorate
to prorate
PAST CONTINUOUS
I
was prorating
you
were prorating
he/she/it
was prorating
we
were prorating
they
were prorating
PAST PARTICIPLE
prorated
PAST PERFECT
I
had prorated
you
had prorated
he/she/it
had prorated
we
had prorated
they
had prorated
PAST PERFECT CONTINUOUS
I
had been prorating
you
had been prorating
he/she/it
had been prorating
we
had been prorating
they
had been prorating
PRESENT
I
prorate
you
prorate
he/she/it
prorates
we
prorate
they
prorate
PRESENT CONTINUOUS
I
am prorating
you
are prorating
he/she/it
is prorating
we
are prorating
they
are prorating
PRESENT PARTICIPLE
prorating
PRESENT PERFECT
I
have prorated
you
have prorated
he/she/it
has prorated
we
have prorated
they
have prorated
PRESENT PERFECT CONTINUOUS
I
have been prorating
you
have been prorating
he/she/it
has been prorating
we
have been prorating
they
have been prorating
PRESENT SUBJUNCTIVE
he/she/it
prorate
SIMPLE PAST
I
prorated
you
prorated
he/she/it
prorated
we
prorated
they
prorated
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