Definitions

1. verb

to divide or distribute something (such as an expense or loss) in proportion to the amount or degree of each person’s or thing’s responsibility or interest.

“The company will prorate the costs among its employees according to their work hours.”

2. verb

to calculate or determine a proportionate amount.

“The insurance company prorated the damage to determine the total cost of repairs.”

3. noun

a proportionate amount or share.

“The prorate of the expenses was divided evenly among the team members.”

4. noun

a proportionate or equal share of something.

“Each student received a prorate of the scholarship funds.”