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Pro rata

From Simple English Wikipedia, the free encyclopedia

Pro rata is a Latin term that is used in law and economics.[1][2] It is used to divide something by calculation or by a ratio.

Etymology

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Pro rata has a Latin etymology. It is from pro (according to, for, or by) and rata. Rata means "calculated" (rate or change).[3]

Example

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For example, the cost of a pizza can be divided pro rata depending on the number of slices each person ate.

References

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  1. ↑ "What is Pro Rata? definition and meaning". InvestorWords.com. Archived from the original on 2020-09-21. Retrieved 2022-02-20.
  2. ↑ Ehrlich, Eugene (1987) [1985]. Amo, Amas, Amat and More. New York: Harper Row. p. 233. ISBN 0-06-272017-1.
  3. ↑ The Free Dictionary. Accessed May 29, 2008.
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