Webprorate. The process of determining the pro rata portions. In real estate, the term comes up frequently at a closing,when allocating certain property expenses.Usually real estate taxes are paid in arrears and homeowners association dues are paid in advance.The new owner will pay 100 percent of the real estate tax bill when it is presented after the closing, but a … Webprorated meaning: 1. calculated according to the amount of something that has been used, in relation to a larger…. Learn more.

Understanding prorated charges, data, and more - SaskTel

WebJun 22, 2024 · Overall, the word prorated means Divided, distributed, or assessed proportionately. This is often used in reference to bills or rent. If a person pays a prorated … Webpro· rate (ˌ)prō-ˈrāt ˈprō-ˌrāt prorated; prorating Synonyms of prorate transitive verb : to divide, distribute, or assess proportionately intransitive verb : to make a pro rata … ipers death benefit to heirs

Prorate Definition & Meaning YourDictionary

WebDefinition: Prorate is a calculation that results in a portion of certain total amount because of partial usage or consumption. It is a distribution that is fairly proportionate to what was … WebThe following bill will be a prorated bill that covers a partial month from the end of the previous cycle to the beginning of the new one and it will reflect your new due date. This means that to move to a new due date, you will have 2 … WebIf you tell them to make changes immediately, then you'll pay the prorated amounts based how many days out of the cycle have gone by, and your bill will look messy, and is more likely to be incorrect due to potential billing system problems. smoelheim • 4 yr. ago. and is more likely to be incorrect due to potential billing system problems. ipers death benefit options