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pro rata

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.04 sec.
Pro rata
Shared or divided according to a ratio or in proportion to participation.
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.
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