Is it pro rata or prorated?
Asked by: Mr. Robert Rolfson I | Last update: June 16, 2023Score: 4.3/5 (32 votes)
Pro rata, sometimes referred to as “prorated,” is a Latin word used to describe the allocation or assignment of value in a proportionate manner. Pro rata translates to "in proportion" and means that whatever is being referred to as prorate is being distributed in equivalent rations.
Are pro rata and prorated the same?
Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be measured or calculated. In North American countries, pro rata is often referred to or referenced as “prorated.”
Can you say pro rata?
The phrase 'Pro Rata' derives from Latin. Therefore you cannot tamper with either form or spelling (For example: 'ad hoc'; 'modus operandi'). You cannot just use it as a verb, and the word 'prorated' is definitely wrong. The OED disagrees with you (though it does say 'chiefly U.S.').
What does it mean to be prorated?
Definition of prorated
: divided, distributed, or assessed proportionately (as to reflect an amount of time that is less than the full amount included in an initial arrangement) The catch is that the Dolphins can get back the prorated portion of the $5 million if Madison defaults on the contract.—
What does pro rata mean UK?
In its most basic form, a pro rata salary is an amount of pay you quote an employee based on what they would earn if they worked full-time. For example, if an employee's salary would be £20,000 pro rata in a 40-hour week, but they only work 30 hours a week, their annual salary would be £15,000.
What Does Pro Rata Mean And Why Is It Consequential To The Tech Industry? | Defined | Forbes
How does pro rata pay work?
So, put simply, a pro rata wage is calculated from what you would have earned if you were working full time. Your pay would be proportional to the wage of someone working more hours. For example, you're working 25 hours a week on a pro rata basis.
How do you use pro rata in a sentence?
The actual amount payable to a part-timer is determined on a pro rata basis. His salary will be adjusted automatically since he will be paid pro rata, on a daily basis, for the work he does. That means getting up steam for half a day's work, and would require more than a pro rata increase in coal.
How do you use pro rata in Word?
(1) All part-timers should be paid the same, pro rata, as full-timers doing the same job. (2) Prices will increase pro rata. (3) Fees are calculated on a pro rata basis . (4) If costs go up, there will be a pro rata increase in prices.
What is 25k pro rata?
For example, you may be paid an annual salary of £25,000 pro rata - but you only actually work for part time, in which case you'll be paid a proportion of the £25,000 based on how much of the expected time you're actually working.
What is the opposite of pro rata?
Opposite of to divide proportionately. misallocate. combine. join. collect.
What does pro rata mean in Australia?
A pro-rata payment is paid based on the proportion of time an employee has worked. For example: wages paid based on hours worked.
Is correlatively a word?
1. Related; corresponding. 2. Grammar Indicating a reciprocal or complementary relationship: a correlative conjunction.
What is pro rata allotment in corporate accounting?
Pro-rata allotment refers to the allotment of shares in proportion of the shares applied for. When a company makes pro-rata allotment, it adjusts the excess money received at the time of application firstly, towards the allotment and then towards calls.
What is the synonym of proportionately?
commensurable. commensurate. comparable. comparative.
Is prorated hyphenated?
The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English this term has been vernacularized to prorated or pro-rated.
What is pro rata basis with example?
For example, if someone buys an insurance policy that's quoted at a certain price for a full year of coverage, but that person only signs on for half a year's worth of coverage, they would pay the insurance company on a pro rata basis that would come out to half the value of the full policy.
What does paid pro rata mean?
In a nutshell, a pro rata salary is an amount you pay a part-time salaried employee if they worked full-time.
How do you calculate a pro rata share?
- Determine the total dividend amount available to be paid out to shareholders.
- Divide this dividend amount by the total number of outstanding shares needed to be paid out to shareholders.
How do you use quid pro quo in a sentence?
- The CEO was sued over a quid pro quo sexual harassment case.
- In a quid pro quo contract, the model agreed to wear the brand's clothes and share photos on her Instagram account in exchange for money.
How many weeks leave is pro rata?
Pro-rata entitlement is paid at 1.3 weeks for each completed year of service.
Are teachers paid pro rata?
Comparisons to other school staff
These staff usually are paid for only the weeks they work, plus their statutory leave entitlement. They end up on a “pro rata” salary, even if they work full-time hours during their working weeks.
What are Correlatives in English?
In grammar, a correlative is a word that is paired with another word with which it functions to perform a single function but from which it is separated in the sentence.
What does the word Compeer mean?
British Dictionary definitions for compeer
compeer. / (ˈkɒmpɪə) / noun. a person of equal rank, status, or ability; peer. a companion or comrade.
What is a corresponding?
Definition of corresponding
1a : having or participating in the same relationship (such as kind, degree, position, correspondence, or function) especially with regard to the same or like wholes (such as geometric figures or sets) corresponding parts of similar triangles.