Difference between revisions of "Pro Rata"
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Latest revision as of 18:58, 11 March 2020
Pro Rata - (noun)
Definition
This is Latin for ‘in proportion’. If something is given to people on a pro rata basis, it will be allocated in equal proportions.
Extra
Source: Adapted from Investopedia
Example of Use: The dividends were paid out to shareholders on a pro rata basis.
