Pro Rata

Pro Rata

Pro Rata (latin legal term) means:
Latin for “proportionately”; proportionately according to the fraction held by each of several owners.

Example of Pro Rata:

Learn more about tax examples, explanations and calculations here.

Alice owns 40% of a property, Bill 30%, Carl 20%, and Don 10%. When a $100prorata distribution is paid to the owners, Alice receives $40, Bill $30, Carl $20, and Don $10.

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