To allocate proportionate shares of income (such as rents) or of an obligation (such as taxes and insurance premiums), paid or due, between seller and buyer at closing
To divide or distribute proportionally At closing, various expenses such as taxes, insurance, interest, rents, etc are prorated between the seller and buyer
To allocate proportionate shares of an obligation, paid or due, between seller and buyer
To allocate between sellers and buyers their proportionate share of an obligation paid or due For example: pro-ration of real property taxes
To allocate between seller and buyer their proportionate share of an obligation paid or due "For example, a pro-rate of real property taxes or fire insurance premiums "
To allocate between seller and buyer their proportionate share of an obligation paid or due