pro rata

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Pro rata

Shared or divided according to a ratio or in proportion to participation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
On 1 September the company suspended flying under both the capacity purchase agreement and pro-rate agreement with Delta and also under ExpressJet's branded operation because of the continued high cost of fuel.
Jim Ream, ExpressJet president and chief executive officer, stated that the cessation of the ExpressJet Delta Connection operations is in the best interest of ExpressJet, because of "the losses we were experiencing from our Delta pro-rate flying combined with our ability to return aircraft to the lessor".
The branded operation includes flying under the ExpressJet name and pro-rate flying for Delta Air Lines.
The airline said that this consisted primarily of: USD75.6m from the branded operation, which includes flying as ExpressJet and pro-rate flying for Delta; USD357.4m from the company's contract flying, comprised of capacity purchase agreements with Continental Airlines and Delta Air Lines and of charter flying; and USD9.9m from the provision of third-party ground handling and maintenance services.
Additionally, ExpressJet's branded operation includes flying under its own name and pro-rate flying for Delta Air Lines.
Its branded operation incorporates flying under its own name and pro-rate flying for Delta Air Lines.