To divide expenses and income between a buyer and a seller in proportionate shares For example, if a property is purchased at mid-year after the seller has already paid taxes on the property for the whole year, the purchases reimburses for one-half of those taxes, i e the pro-rata share
To divide or distribute proportionately; to divide monies, usually at time of closing, proportionately between seller and buyer
to allocate between seller and buyer their proportionate share of an obligation paid or due; for example, to prorate real property taxes or insurance
To divide or apportion an amount according to the number of days or months during the period Can relate to the amount of rent owed by a resident for occupying a unit for only a part of a month (Source: FHA Handbook 4370 4 REV-1, Appendix 2)
divide or assess proportionally; "The rent was prorated for the rest of the month" make a proportional settlement or distribution
A quantity provision in a fruit or vegetable marketing order that is intended to even out weekly shipments (or shipments for some other specified periods of time); it aims to prevent too much of the regulated commodity from entering the commercial market at the same time and depressing prices
To allocate between seller and buyer their proportionate share of an obligation paid or due For example a prorate of real property taxes, Home Owner Association dues, or condominium fee
to calculate a charge, price, etc according to the actual amount of service received rather than by a standard sum (pro rata)