Pro rata
Definition 1 of 2
Pro Tip 1/3Fair Division
Pro rata ensures fairness when dividing something, like money, by giving everyone an equal share based on contribution or ownership.
If the project earns any profit, it will be distributed pro rata among all investors.
Pro Tip 2/3Partial Entitlement
Use 'pro rata' when someone is entitled to a part of a whole, especially when leaving a job before year-end.
She received her bonus pro rata after resigning in July.
Pro Tip 3/3Business Context
Pro rata is commonly used in business situations, like financial deals, contracts, and salary calculations.
His salary was calculated on a pro rata basis since he started mid-month.
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