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 ?
Even if the deal takes longer to sell, Dell's strong enterprise-oriented business model, the credit quality of the name (expected corporate ratings Ba1/BB+, expected debt ratings Baa3/BBB), and a focus on paying down debt are seen encouraging banks to absorb the pro-rata loans.
At The Promenade at Bolingbrook in suburban Chicago, Forest City announced that Marshall Field's will anchor the $105 million (projected cost at the Company's full and pro-rata share), million-square-foot open-air regional lifestyle center.
3 million (projected cost at the Company's pro-rata share) open-air main street-style shopping and entertainment center is also expected to include two other anchor stores and approximately 60 specialty stores and restaurants.
The Sniper shares that these USR shareholders would otherwise receive will be sold and the net proceeds distributed to the applicable USR shareholders on a pro-rata basis.
E[acute accent](e) The Optionee will earn and vest in an additional 5% interest in the Property (resulting in an aggregate 85% interest) when a Bankable Feasibility Report ("BFR") is completed by the joint venture, and subsequently, if the Optionee, as its sole discretion, elects to arrange Becker's pro-rata share of the funding to bring the Property into commercial production, then the Optionee will acquire and vest in an additional 5% interest in the Property, resulting in an aggregate 90% interest.
Principal is distributed within the classes either on a sequential or pro-rata basis to achieve certain targeted maturities.
Pursuant to the merger agreement, the Board approved a pro-rata dividend of $0.
The additional funding comes on a pro-rata basis from the company's six current investors: Advanced Technology Partners, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures, Morgenthaler Ventures and Oak Investment Partners.
The affirmations reflect the transaction's pro-rata pay structure, which allows current subordinate classes to pay down concurrently with the senior classes.