In simple terms, "pro rata" means dividing or distributing something proportionally. It is used to ensure that each person or entity receives a fair and proportionate share based on their contribution, ownership, or entitlement.
Some policies require that policyholders reimburse their substitute by 100 percent and do not account for any type of reduction for pro rata share of fees and costs. (accidentvalues.com)
He distributes 20 percent of the office's profit to all the teams on pro rata basis. (realtormag.realtor.org)
Balance is due 60 days in advance and is non refundable unless re-rented Pro rata refund (minus the admin fee) If we are able to re rent the condo Cancellation Insurance recommended. (mauiownercondos.com)