pro rata

pro rata
/prow reyta/ Proportionately; according to a certain rate, percentage, or proportion. According to measure, interest, or liability. According to a certain rule or proportion. For example, if a corporation has ten shareholders each of whom owns 10% of the stock, a pro-rata dividend distribution of $1,000 would mean that each shareholder would receive $100.
See also per capita
@ pro rata clause
Such clause commonly used as other insurance provision in automobile liability policy provides that when an insured has other insurance available, company will be liable only for proportion of loss represented by ratio between its policy limit and total limits of all available insurance. Putnam v. New Amsterdam Cas. Co., 48 I11.2d 71, 269 N.E.2d 97, 99.
Provision in insurance policy to the effect that the insurer will not be liable for a greater proportion of any loss than the amount of the policy bears to the total amount of insurance on the property
@ pro-rata distribution clause
In fire insurance, provision in the policy that the amount of insurance written shall apply to each parcel of property in the proportion which the value of each parcel bears to the total value of all the property insured under the policy

Black's law dictionary. . 1990.

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  • Pro rata — is an adverb or adjective, meaning in proportion . [ [ Farlex s The Free Dictionary] ] The term is used in many legal and economic contexts, and sometimes spelled pro rata .Meanings of Pro rataMore… …   Wikipedia

  • pro rata — pro ra·ta /ˌprō rā tə, rä , ra / adv [Latin]: proportionately according to an exactly calculable factor (as share or liability) pro rata adj Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • pro rata — pro rà·ta loc.agg.inv., loc.avv., loc.s.m.inv., lat. 1. loc.agg.inv., loc.avv. TS fin. secondo la parte, la quota stabilita; in proporzione: ripartire pro rata, debito, credito pro rata | loc.s.m.inv. TS dir. regola per la detraibilità dell IVA… …   Dizionario italiano

  • pro rata — pro ra|ta [prəu ˈra:tə US prou ˈreıtə] adj [only before noun] especially BrE [Date: 1500 1600; : Latin; Origin: for the rate ] a payment or share that is pro rata is calculated according to how much of something is used, how much work is done,… …   Dictionary of contemporary English

  • pro rata — |pròrrátà| loc. Usa se para indicar que algo é feito numa determinada proporção (ex.: cálculo pro rata, deduzir pro rata).   ‣ Etimologia: locução latina, de pro, conforme, segundo, em proporção com + ratus, a, um, fixado, regulado, invariável,… …   Dicionário da Língua Portuguesa

  • pro rata — 1570s, from L. pro rata (parte) according to the calculated (share), from pro for + rata, ablative singular of ratus, pp. of reri to count, reckon (see RATE (Cf. rate) (n.)) …   Etymology dictionary

  • pro rata — [prō rāt′ə, rät′ə] adv., adj. [L pro rata (parte), according to the calculated (share)] in proportion; proportionate(ly) …   English World dictionary

  • Pro rata — (lat., d. h. pro rata parte, »verhältnismäßig«), ein Ausdruck, der gebraucht wird, wenn sich eine Forderung oder eine Verbindlichkeit beim Vorhandensein mehrerer Berechtigten oder Verpflichteten, wie dies die Regel ist, in ebenso viele einzelne… …   Meyers Großes Konversations-Lexikon

  • Pro rata — Pro Pro, prep. [L.; akin to prae before, Gr. ?, and E. for. See {For}, prep., and cf. {Prior}, a.] A Latin preposition signifying for, before, forth. [1913 Webster] {Pro confesso} [L.] (Law), taken as confessed. The action of a court of equity on …   The Collaborative International Dictionary of English

  • pro-rata — /proʊ ˈratə/ (say proh rahtuh) adjective 1. calculated as a proportion of the whole amount in relation to another factor, as the proportion of a full time salary paid to a part time employee: a pro rata deduction. –verb (t) (pro rataed, pro… …  

  • Pro rata — Pro ra ta [L.] In proportion; proportionately; according to the share, interest, or liability of each. [1913 Webster] …   The Collaborative International Dictionary of English

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