The meaning of PRORATE is to divide, distribute, or assess proportionately. How to use prorate in a sentence.

To divide or distribute a sum of money proportionately. For example, if one owned an automobile for only three months, an insurance company would prorate the annual premium by charging only one …

What Is a Prorated Amount? A prorated amount is the proportional part of a total charge or fee that corresponds to a specific period shorter than the full billing cycle. For example, if you start a monthly …

PRORATE meaning: 1. to calculate a cost, payment, or price according to the amount of something that has been used…. Learn more.

Jun 10, 2025 · Most insurance policies are based on a 12-month term, so the insurance company must prorate the annual premium to determine the amount owed if a policy is needed for a shorter term.

When a charge is prorated, it means you’re only being charged for a portion of the overall bill, adjusted for time. In the world of rental business, landlords typically prorate a charge to only cover the days …

Rent proration is used to calculate the rent amount due for any month that a tenant does not stay for the entire month. In order to calculate the prorated rent amount you must take the total rent due, divide it …

To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month's rent, she only charges you for the days you've actually lived in your apartment.

prorate (prəʊˈreɪt; ˈprəʊreɪt) vb chiefly US and Canadian to divide, assess, or distribute (something) proportionately [C19: from pro rata]

A: Convert annual price to a monthly or daily rate and prorate based on unused months/days. For multi-year plans, prorate by the total days in the multi-year period.