Pro Rata

Although Vertafore has made every effort to insure the accuracy of the calculator, Vertafore does not guarantee the accuracy of the calculator or the suitability for a specific purpose.

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Pro Rata [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.

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If you're considering converting your IRA to a Roth IRA, it's important to know how the Pro-Rata Rule will affect your after-tax dollars. read our.

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Pro Rata Wheel. Use the Pro rata wheel feature to calculate either the Pro Rata or Short Rate unearned factor on a can celled policy. Refer to the insurance company and your agency’s guidelines to determine the method you should use for calculating return premiums.

Pro rata salaries are paid to salaried workers who work less than full time. The amount is a percentage of an annual salary based on hours actually worked. Some salaried employees are exempt from.

On the eve of a highly compensated person’s divorce, a plan was amended so that expenses for determining whether a domestic relations order is qualified could be allocated pro rata, instead of to the individual’s account.

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What is Pro Rata Share? Definition: A pro rata share is a part of the whole that is allocated on a proportionate basis. Common expenses could.

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Pro rata Shared or divided according to a ratio or in proportion to participation. Pro Rata Describing a distribution according to some proportion. For example, a salary may be stated as $120,000 per year pro rata. This means that if an employee only works for six months, his/her salary will be $60,000.

Pro rata Shared or divided according to a ratio or in proportion to participation. Pro Rata Describing a distribution according to some proportion. For example, a salary may be stated as $120,000 per year pro rata. This means that if an employee only works for six months, his/her salary will be $60,000.

Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase.