Pro Rata for Dummies
adverb
pronunciation: pRoʊ_'rɑtəWhat does Pro Rata really mean?
Pro Rata is a phrase we often come across, especially when we talk about dividing or sharing things fairly. It may sound a bit complicated at first, but let's break it down and make it easier for you to understand. Imagine you have a huge yummy pizza, and you want to share it with your friends. You don't want to be unfair and give one friend a tiny slice while another gets a huge slice, right? So, what do you do? You divide the pizza into equal parts, making sure everyone gets a fair share. That's exactly what "pro rata" means, dividing or sharing something in proportion or based on a certain proportion.
When we say something is divided "pro rata," it means it is divided in a way that is fair and equitable. For example, if we have a sum of money that needs to be divided among a group of people, it would be unfair to give one person more money than the others just because they are older or younger. Instead, we would divide the money pro rata, meaning that each person would receive a portion of the money that is proportional to their share or their entitlement.
Another meaning of "pro rata" is about calculating or determining a particular amount based on a proportion or ratio. Imagine you want to buy a new video game console that costs $500, but you can only afford to pay for it in installments. In this case, the store might ask you to pay $100 each month for 5 months to settle your debt. They are asking you to pay the cost of the console "pro rata" over 5 months, which means dividing the total cost equally and paying it gradually in smaller amounts.
So, you can see that "pro rata" is all about being fair and dividing or calculating things in proportion. Whether it's sharing a pizza, dividing money, or paying for something over time, "pro rata" ensures that everyone gets their fair share or pays their fair amount based on the proportion they're entitled to.
When we say something is divided "pro rata," it means it is divided in a way that is fair and equitable. For example, if we have a sum of money that needs to be divided among a group of people, it would be unfair to give one person more money than the others just because they are older or younger. Instead, we would divide the money pro rata, meaning that each person would receive a portion of the money that is proportional to their share or their entitlement.
Another meaning of "pro rata" is about calculating or determining a particular amount based on a proportion or ratio. Imagine you want to buy a new video game console that costs $500, but you can only afford to pay for it in installments. In this case, the store might ask you to pay $100 each month for 5 months to settle your debt. They are asking you to pay the cost of the console "pro rata" over 5 months, which means dividing the total cost equally and paying it gradually in smaller amounts.
So, you can see that "pro rata" is all about being fair and dividing or calculating things in proportion. Whether it's sharing a pizza, dividing money, or paying for something over time, "pro rata" ensures that everyone gets their fair share or pays their fair amount based on the proportion they're entitled to.
Revised and Fact checked by Michael Miller on 2023-10-28 16:16:57
Pro Rata In a sentece
Learn how to use Pro Rata inside a sentece
- If you only work half of the month, your salary will be calculated pro rata, based on the number of days you worked.
- If a student joins a school halfway through the semester, their tuition fees will be calculated pro rata for the remaining months.
- If you rent a car for 10 days instead of a month, the rental fee will be pro rata based on the number of days you use it.
- If you buy a magazine subscription for 6 months instead of a year, the cost will be reduced pro rata for the shorter period.
- If a person works part-time, their annual leave entitlement will be calculated pro rata, based on the number of hours they work.
Pro Rata Synonyms
Words that can be interchanged for the original word in the same context.