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 ?
Since the level of funding for ESG varied in past continuing resolutions, the ESG pro-rated amount is expected to be around 30 percent of approximately $115 million.
Under the union's contracts with grocers, part-timers who work more than twelve or fourteen hours a week are paid at least pro-rated health benefits.
The Exelon board of directors previously declared a pro-rated dividend equal to $0.
If the merger closes prior to March 12, 2012, the second-quarter dividend will not be paid and shareholders will receive a pro-rated first-quarter dividend at the rate of $0.
Broten, the 36-year-old veteran center acquired from the New Jersey Devils, is making $950,000, but the Kings and their IHL affiliate in Phoenix, where Broten has been assigned, will pay a pro-rated portion of it, not exceeding a combined $240,000.
With respect to 1,040,000 shares of Series A Preferred Stock, the dividend will be pro-rated from the date of original issue, May 10, 1994.
Shareholders of record on December 29, 2010 will receive a pro-rated dividend of $0.
Deputies would be required to pay a pro-rated share of the loan if they leave before 20 years' time - for example, a deputy who moves out in five years would pay $15,000, or 75 percent, of the second trust deed, according to the report.
60 per share annual dividend pro-rated for the 43-day period.
Sprint (NYSE:S) today announced details of its new customer-friendly pro-rated early termination fee (ETF) policy, effective November 2, 2008.
If there is a catastrophic quake, homeowners - already faced with a 15 percent deductible and minimal living expenses and contents coverage - likely will get a pro-rated insurance payout while their premiums could skyrocket 20 percent, according to the plan.