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 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)
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 divide in proportionate shares, such as taxes, insurance, rent, or other items which the buyer and seller share as of the time of closing, or other agreed upon time top
To allocate between seller and buyer their proportionate share of an obligation paid or due For example a prorate on real property taxes, fire insurance, or condominium fee
To divide expenses and income between a buyer and a seller in proportionate shares For example, a buyer purchases property at midyear after the seller has already paid taxes on the property for the whole year The buyer reimburses the seller for one-half of those taxes, the pro-rata share, for the buyer's share of that year