What does proration mean?
Definitions for proration
pro·ra·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word proration.
Princeton's WordNet
prorationnoun
the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer
Wiktionary
prorationnoun
budgeting the proportional distribution or allocation of parameters, such as noise power and transmission losses, among a number of tandem-connected items, such as equipment, cables, links, or trunks, in order to balance the performance of communications circuits.
prorationnoun
In a telephone switching center, the distribution or allocation of equipment or components proportionally among a number of functions, to provide a requisite grade of service.
prorationnoun
In the insurance industry, the act of taking money that is currently due from the insurance company and moving it to the patient, knowing that the dollar amount being moved is due from the patient as a deductible, coinsurance, or copayment amount.
Wikipedia
proration
Pro rata is an adverb or adjective meaning in equal portions or in proportion. The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English this term has been vernacularized to prorated or pro-rated.
ChatGPT
proration
Proration refers to the process of dividing or allocating something proportionately, often used in financial terms to divide the interest, rent, subscription, insurance premiums, or other costs evenly over a specific period of time. This method ensures that each party involved only pays or receives their fair share based on factors like the amount of time, usage, or fraction of quantity.
Matched Categories
Anagrams for proration »
troparion
Numerology
Chaldean Numerology
The numerical value of proration in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of proration in Pythagorean Numerology is: 9
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Translations for proration
From our Multilingual Translation Dictionary
- التناسبArabic
- prorationNorwegian
- oraçãoPortuguese
- пропорцияRussian
- prorationVietnamese
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"proration." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/proration>.
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