What Does Prorated Mean?

Answer

Prorated means divided into two equal portions. Rent, utilities and other types of payments can be prorated but the term is mostly associated with exchange of money.
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pro·rate
[proh-reyt, proh-reyt]
VERB (USED WITHOUT OBJECT) [PRO·RAT·ED, PRO·RAT·ING.]
1.
to make an arrangement on a basis of proportional distribution.
VERB (USED WITH OBJECT) [PRO·RAT·ED, PRO·RAT·ING.]
2.
to divide, distribute, or calculate proportionately.
Source: Dictionary.com
Q&A Related to "What Does Prorated Mean"
Take the monthly amount and divide by thirty (30). Take that number and multiply by the number of takes left in the month. For example: Monthly rent = $600/30=$20 per day. The move
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1. Identify the calendar days covered by the tax bill, regardless of what the tax is on. 2. Divide the bill by the number of days covered. If the tax bill is $10,000, the answer is
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Allocating or assigning an amount in proportion to some base to an activity, department, or product. Service costs are frequently allocated to user departments based on the base allocation
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Prorated means an amount that is figured based upon only part of a time period. For example, a monthly charge of $30 would be prorated to $15 if you only had service ...
Prorated means an amount that is figured based upon only part of a time period. For example, a monthly charge of $30 would be prorated to $15 if you only had service ...
Prorated means an amount that is figured based upon only part of a time period. For example, a monthly charge of $30 would be prorated to $15 if you only had service ...
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