(redirected from apportions)
Also found in: Dictionary, Thesaurus, Legal, Idioms.
Related to apportions: gerrymandering


A division. The term may be used in insurance to indicate which policy bears what percentage of a loss. Alternatively, it may be used in the sale of real estate to show the property tax or insurance the buyer and the seller each owe for a year. See also: Apportionment Clause.


To divide into parts.Co-owners of property may decide to apportion maintenance costs among themselves, according to the percentage of ownership enjoyed by each. Buyers and sellers usually apportion real estate taxes so that the portion earned by local government before closing,but not yet paid because not yet due,will be paid by the seller in the form of a credit against the purchase price.When the property tax bill is later received by the buyer,he or she will pay the entire bill in full, but will have already received the equivalent of reimbursement through the credit at closing.

References in periodicals archive ?
We ask therefore, that you support Welsh music, and respect the Welsh musicians' request, and use your significant influence on PRS to re-examine the inconsistencies of their royalty distribution systems, and apportion your blanket payment in a fairer way.
Congress allots, 0MB appropriates, and the Agency apportions funding.
Generally, the taxpayer allocates deductions to the relevant class of gross income and apportions (if necessary) such deductions within the class of gross income between gross income attributable to domestic production gross receipts (the statutory grouping) and other income (the residual grouping) under section 861.
That provision apportions interest using a formula that compares branch assets to worldwide assets.
In this case the only change is that the home state apportions income using a single relative sales factor; the other states still use the same three-factor, double-weighted sales formula.
Given its unlawful apportionment, the State Tax discriminates by definition: "A tax that unfairly apportions income from other States is a form of discrimination against interstate commerce.