1. dividing, distributing, or assessing proportionally
Usage: present participle of prorate; business and finance

Examples

• The company is prorating the annual bonus based on months worked.
• They are prorating the rent since she moved in mid-month.
• The insurance company is prorating the refund for the unused coverage.
• The landlord is prorating utilities based on square footage.
• We are prorating the membership fees for new members joining late.
• The accountant is prorating the expenses across all departments.