prorating

Meanings

• noun

  The apportionment of a share or proportion, especially of a financial burden or expense, according to the respective interests or contributions of those concerned.

  - "The prorating of taxes is based on each household's income."
  - "The company prorated the rent among its employees based on the number of days each worked."

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Rhymes

Words rhyming with prorating
orating , relating , creating

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Variants

List of all variants of prorating that leads to same result
prorate , prorated , prorates , prorating , proration , prorations

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'pro ratio' meaning 'in proportion'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Prorating is also used in politics to determine the per capita share of funding for different states or regions based on population.

2. The term 'prorating' originated in the 16th century and was first used in the context of sharing the costs of a journey among passengers.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Budgeting: Prorating is a key component of budgeting as it allows for the fair distribution of costs and expenses among different parties.

2. Cost Allocation: Prorating is a method of cost allocation, where costs are distributed based on the proportionate share of each party.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Prorating is a common practice in various fields such as business, accounting, and finance to distribute costs, taxes, or other expenses proportionately.

How to Memorize "prorating"

1. visualize
   

   - Imagine a pie chart where each slice represents the proportionate share of costs or expenses for each party.
   - Visualize a balance scale where each side represents the proportionate share of costs or expenses.

2. associate
   

   - Associate the word 'prorating' with 'proportion' and 'distribution'.
   - Associate the word 'prorating' with 'fairness' and 'equity'.

3. mnemonics
   

   - Use the mnemonic 'Prorate Proportionately' to remember the meaning of the word.
   - Create a rhyme to help remember the word, such as 'Prorate, create a fairer state'.

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