How Do You Spell PRO RATE?

Pronunciation: [pɹˈə͡ʊ ɹˈe͡ɪt] (IPA)

The word "pro rate" is pronounced as /proʊ reɪt/. The first syllable "pro" is pronounced as "proʊ" with the long "o" sound, followed by the second syllable "rate" with the "ɛɪ" diphthong. Additionally, the word is commonly misspelled as "prorate." However, it should be noted that the correct spelling includes a space between "pro" and "rate." The term is used to describe the distribution or allocation of something based on a proportion or percentage of the total amount.

PRO RATE Meaning and Definition

1. The term "pro rate" is an adjective or adverb used to describe the proportionate distribution or allocation of a quantity, amount, or cost based on a specific ratio, portion, or percentage. It refers to the act or process of dividing or distributing something in line with a particular rate or proportion.

   In the realm of finance and economics, "pro rate" commonly refers to the method of dividing expenses, fees, revenues, or refunds according to an individual's fair share or contribution. For instance, in a shared accommodation situation, rent or utility bills may be pro rated, meaning each tenant pays their portion based on the size of their room or usage. Similarly, when canceling a subscription or service, pro rating may be applied to calculate a partial refund for the unused period.

   In the context of insurance, "pro rate" is often employed to determine the premium or coverage for a policyholder based on the duration of their coverage within a billing cycle.

   Furthermore, "pro rate" can be utilized in the context of wages or salaries to denote the portion or fraction of payment an employee should receive based on the time worked or completion of assigned tasks.

   Overall, "pro rate" is a term that denotes the fair and proportional allocation or distribution of quantities, costs, benefits, or contributions based on predetermined rates or ratios. It is a useful concept in various fields to ensure equitable distribution or calculation based on specific criteria.

Common Misspellings for PRO RATE

• prorate
• -pro rata
• pro rate
• prorated
• pro rated

Etymology of PRO RATE

The term "pro rate" comes from the Latin phrase "pro rata parte", which translates to "in proportion to the part". The word "pro" means "in proportion to" or "for", and "rata" is derived from the Latin word "ratus", meaning "reckoned" or "calculated". The phrase "pro rata parte" was later shortened to "pro rata" and eventually evolved into the term "pro rate" in the English language. It refers to the practice of dividing or allocating something proportionally based on a certain factor or share.

Similar spelling words for PRO RATE

• preordain,
• prioritise,
• prioritize,
• priority,
• pro rata,
• prorate.