Prorating

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Prorate \Pro*rate"\, v. t. [imp. & p. p. {Prorated}; p. pr. &
     vb. n. {Prorating}.] [From L. pro rata (sc. parte) according
     to a certain part, in proportion.]
     To divide or distribute proportionally; to assess pro rata.
     [U.S.]
     [1913 Webster]