Another Word For Pro rata

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Meaning

"Pro rata" is a Latin term meaning "in proportion." It is commonly used in finance, accounting, and various fields to describe the allocation or distribution of something proportionally based on a specific factor, often relating to time, amount, or another measurable standard. For example, if you divide an amount of money or a set of responsibilities among several parties in proportion to their contributions or stakes, you are doing it on a pro rata basis.

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Etymology

"Pro rata" comes from Latin, where "pro" means "for" and "rata" is the feminine form of "ratus," meaning "reckoned" or "calculated." Thus, it translates to "for that which is reckoned."

Examples

  1. The sales commission will be distributed pro rata based on each salesperson’s total sales for the month.
  2. In the case of layoffs, bonuses will be paid pro rata according to the length of service with the company.
  3. If a tenant leaves before the lease term ends, the rent will be charged pro rata for the days they occupied the apartment.