proration

[US]//prəʊˈreɪʃən//
[UK]//proʊˈreɪʃən//
Frequency: Very High

Translation

n.proportional allocation; apportionment; allotted production; production quota
Word Forms

Example Sentences

the proration of the annual bonus will be calculated based on your start date.

monthly rent proration is necessary when you move in halfway through the month.

the proration method for the insurance refund follows the remaining days left in the policy.

shareholders approved the proration of dividends during the quarterly meeting.

proration rules apply if you decide to cancel your subscription before the billing cycle ends.

the system handles the automatic proration of costs across all departments.

salary proration is standard practice for employees who resign mid-month.

we need to verify the proration calculations before finalizing the invoice.

tax proration between the buyer and seller is detailed in the closing statement.

the proration factor determines how much of the surplus is allocated to each unit.

service fees are subject to proration depending on the actual usage time.

due to the over-subscription, the company applied a proration to all share allocations.

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