Definitions

1. noun

the act of dividing or distributing something in parts, especially in a fair or proportionate manner

“The company implemented a proration of the bonus to all employees based on their performance over the past year.”

2. noun

a division or allocation of something into parts, especially in a fair or proportionate manner

“The proration of the expenses was done to ensure that each department got its fair share.”

3. verb

to divide or distribute something in parts, especially in a fair or proportionate manner

“The company will prorate the fees based on the usage of the service.”