noun
- plural of proration; the acts or processes of dividing, distributing, or assessing proportionally
Usage: business; accounting
Examples
- The insurance company calculated prorations for policies canceled mid-term.
- Rent prorations were necessary when tenants moved in during the middle of the month.
- The accountant handled all salary prorations for employees who started mid-pay period.
- Property tax prorations at closing ensured fair distribution between buyer and seller.
- The company’s budget included prorations for shared departmental expenses.
- Utility prorations were calculated based on actual usage days.