prorated
Meanings
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adjective
Allocated or apportioned proportionately.
Variants
List of all variants of prorated that leads to same resultprorated , prorate , prorates , prorating , proration , prorations
Etymology
origin and the way in which meanings have changed throughout history.From the Latin word 'pro ratio' which means 'in proportion'.
Trivia
Any details, considerations, events or pieces of information regarding the word-
The term 'prorated' is commonly used in finance and accounting to refer to an allocation or apportionment of expenses or revenues over a period of time.
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Prorating can also be used in insurance to calculate premiums based on the expected usage of a policy over a period of time.
Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to-
Proportion: Relationship between two or more quantities.
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Allocation: The action of setting aside or designating for a particular purpose.
How to Memorize "prorated"
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visualize
- Imagine a scale with two pans, one pan is filled with a certain quantity, the other pan is filled proportionally.
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associate
- Think of the word 'proportionate' and remember that 'prorated' means allocated or apportioned in proportion.
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mnemonics
- Remember the phrase 'Prorated - Proportionate Allocated'.
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Highlighting:
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