"Pro rata" is a Latin term that is used in financial and business contexts. It means "in proportion" or "in proportion to the share or ratio." It refers to the allocation or distribution of something based on a proportional basis or according to a specific ratio or share.
Examples in Sentences
Here are three example sentences:
Each shareholder will receive dividends pro rata to their ownership stake in the company.
When a project is completed earlier than expected, the team members' bonuses are adjusted pro rata to the actual duration of their contribution.
If a tenant moves out before the end of the lease term, they may be responsible for paying rent pro rata for the portion of the month they occupied the property.