pro-rata legal definition of pro-rata. pro-rata synonyms by the Free Online Law Dictionary.

[Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share.

In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining funds, the money is divided proportionately among the creditors, according to the amount of the individual debts.

A pro rata clause in an automobile insurance policy provides that when an insured person has other insurance policies covering the same type of risk, the company issuing the policy with the pro rata clause will be liable only for a proportion of the loss represented by the ratio between its policy limit and the total limits of all the available insurance.

pro rata (proh rat-ah or proh ray-tah) adj. from Latin for "in proportion," referring to a share to be received or an amount to be paid based on the fractional share of ownership, responsibility, or time used. Examples: an heir who receives one-quarter of an estate may be responsible for one quarter of the estate taxes as his/her pro rata share. A buyer of a rental property will pay his/her pro rata share of the property taxes for that portion of the year in which he/she holds title.

PRO RATA. According to the rate, proportion or allowance. A creditor of an insolvent estate, is to be paid pro rata with creditors of the same class.

? References in periodicals archive
a pro-rata allocation), because, under the regulations, analogous fees would be imposed in the marketplace (either implicitly or explicitly) for a comparable investment outside a qualified plan (e. Rev. Rul. permits allocation of expenses to former employees by Masnik, Robert H. / The Tax Adviser Our pro-rata share of EBITDA in Seaway Crude Pipeline, which is included in upstream segment EBITDA, was $7 million for the second quarter of 2006, compared with $10. TEPPCO Partners, L.P. Reports Second Quarter 2006 Results, with ... by Business Wire Comparable property NOI, defined as NOI from properties operated in both 2006 and 2005, is a non-GAAP financial measure, and is based on the pro-rata consolidation method, also a non-GAAP financial measure. Forest City Reports Fiscal 2006 First-Quarter Results by Business Wire More results

References in periodicals archive

a pro-rata allocation), because, under the regulations, analogous fees would be imposed in the marketplace (either implicitly or explicitly) for a comparable investment outside a qualified plan (e.

Rev. Rul. permits allocation of expenses to former employees by Masnik, Robert H. / The Tax Adviser

Our pro-rata share of EBITDA in Seaway Crude Pipeline, which is included in upstream segment EBITDA, was $7 million for the second quarter of 2006, compared with $10.

TEPPCO Partners, L.P. Reports Second Quarter 2006 Results, with ... by Business Wire

Comparable property NOI, defined as NOI from properties operated in both 2006 and 2005, is a non-GAAP financial measure, and is based on the pro-rata consolidation method, also a non-GAAP financial measure.

Forest City Reports Fiscal 2006 First-Quarter Results by Business Wire

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