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pro rata
(redirected from Pro Rata Basis)

    Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Pro rata
Shared or divided according to a ratio or in proportion to participation.
Pro Rata
Describing a distribution according to some proportion. For example, a salary may be stated as $120,000 per year pro rata. This means that if an employee only works for six months, his/her salary will be $60,000. Likewise, dividends are distributed pro rata, meaning that shareholders receive them according to the proportion of shares that they own.
pro rata
Used to refer to something on a proportional basis. For example, in a rights offering, rights are distributed to stockholders on the basis of the number of shares already held by each stockholder. Thus, the pro rata distribution enables the stockholders to purchase new shares in proportion to the old shares they already own.
pro rata

Proportionate to one's interests or claims.In bankruptcy,unsecured creditors will receive their pro rata portion of any money left after paying secured creditors, attorneys'fees, and costs of administration. If the unsecured claims total $1,000,000, and the money left for distribution is $10,000, then each creditor will receive 1 cent for each dollar of their claim.
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The secondary distribution approved by the court will proceed on a pro rata basis to eligible claimants who successfully received a distribution in the primary distribution and whose pro rata share in the secondary distribution would result in a payment equal to or in excess of a minimum distribution amount of $10.
Federal District Court Grants Jeffrey Plotkin's Motion to Make a ... by PR Newswire
The terms of the IST provide that those shares (Distributable Shares) are to be distributed by Image on a pro rata basis to the persons registered as holders of ordinary fully paid shares in Image as at a record date to be set by the board of Image and subject to: - the shareholders of Image approving the same by passing the resolution proposed in a Notice of Meeting lodged with ASX today; - the ASX granting conditional approval to the listing of Potash on terms acceptable to Image.
Image Resources NL (ASX:IMA) Announces Advice Of Record Date by ABN Newswire
The employee can then start under a new contract of employment that reflects the changed terms and conditions and her right to accrue holidays and other benefits on a pro rata basis.
kerstie's LAW by Daily Post (Liverpool, England)
 
 
 
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