Vocabulary Entry

prorate

|verb • noun

verb

To allocate or divide proportionally.

Example Sentences

"The costs will be prorated based on the number of days you used the service."

"If you cancel your subscription early, your refund will be prorated."

"The company will prorate the salary for employees who join mid-month."

noun

Example Sentences

"The prorate for the month was calculated based on usage."

"We received our prorate after the move-out inspection."

"A prorate of the annual fee will be applied to those who join halfway through the year."