also pro-rate, "divide proportionally," 1860, American English, verb derived from Latin pro rata (parte) (see pro rata). Related: Prorated; prorating.

To assign or allocate on a logical basis. For example, the materials price variance in a standard costing system is prorated to the following categories: materials inventory, work-in-process inventory [..]

From the Latin pro rata. To divide, distribute, or assess proportionally, for example, to provide employee benefits according to number of hours worked part-time as a proportion of the number of hours [..]

To proportionally divide amounts owed by the buyer and the seller at closing.

To assign or redistribute a portion of a cost, such as a joint cost, to a department, operation, activity, or product according to some formula or other agreed-to, often arbitrary, procedure.

An agreement on how the property taxes are paid and handled depending on when the title changed hands.

Prorate means to divide, distribute, or assess proportionately; to settle affairs on the basis of proportional distribution. For example, if a magazine costs $24 for 12 issues and only 6 issues are or [..]

(v) make a proportional settlement or distribution(v) divide or assess proportionally

To divide, distribute, or calculate proportionately.

To divide proportionately, especially by day; to divide pro rata.

To divide in proportion, proportionately, according to share interest or liability of each party. Payments such as property taxes, monthly condominium maintenance fees, assessments, and appliance cont [..]