pro rata

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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.

References in periodicals archive ?
As noted by the court, "[i]t remains exceedingly difficult to make money merely by buying things" Accordingly, it held that cash advances in exchange for volume purchase commitments, subject to pro-rata repayment if such commitments are not met, are not income when received.
Thus, it reasoned the S corporation owned a direct, pro-rata interest in the LIFO inventory on the books of each newly created partnership, requiring the corporation to recapture its pro-rata share of the partnerships' LIFO inventory reserves into income.
Pro-rata pay structures have become more common among all cash flow CDO market sectors.
Many middle market CLOs of late have been utilizing a pro-rata pay structure where all the notes in the capital structure receive principal amortization based on their percentage of the entire structure prior to any rating triggers,' said Alla Zaydman, Director, Fitch Ratings.
middle market collateralized loan obligations throughout the remainder of 2005, fewer upgrades may take place if pro-rata pay structures and revolving collateral pools continue to become more prevalent once deals start to significantly amortize, according to an updated criteria report by the agency.
The $134 million (projected cost at the Company's full and pro-rata share) open-air regional lifestyle center will feature anchor stores Macy's and Robinsons-May and currently has approximately 60 signed leases.
The Sniper shares would be distributed to all USR shareholders of record as a dividend on a pro-rata basis.
E[acute accent](d) In the event that the Optionee making the final (additional) cash payment to Becker of $120,000, then it will acquire an additional 5% interest (resulting in an aggregate 80% interest), at which time a joint venture will be formed, whereby each of the Optionee and Becker will be responsible for the exploration and production costs in respect of the development of the Property on a pro-rata basis (the Optionee as to 80% and Becker as to 20%).