The meaning of PRORATE is to divide, distribute, or assess proportionately. How to use prorate in a sentence.

PRORATE definition: 1. to calculate a cost, payment, or price according to the amount of something that has been used…. Learn more.

PRORATE meaning: to calculate (something) according to the specific amount that someone has done, used, etc.

To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month's rent, she only charges you for the days you've actually lived in your …

To divide or distribute a sum of money proportionately. For example, if one owned an automobile for only three months, an insurance company would prorate the annual premium by charging …

If a cost is prorated, it is divided or assessed in a proportional way. If weather and/or sea conditions cause your trip to return early, the boat fare will be prorated. Collins COBUILD …

prorate (prəʊˈreɪt; ˈprəʊreɪt) vb chiefly US and Canadian to divide, assess, or distribute (something) proportionately [C19: from pro rata]