[Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share.
In a bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining funds, the money is divided proportionately among the creditors, according to the amount of the individual debts.
A pro rata clause in an automobile insurance policy provides that when an insured person has other insurance policies covering the same type of risk, the company issuing the policy with the pro rata clause will be liable only for a proportion of the loss represented by the ratio between its policy limit and the total limits of all the available insurance.
"Pro Rata." West's Encyclopedia of American Law. . Encyclopedia.com. (January 17, 2019). https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/pro-rata
"Pro Rata." West's Encyclopedia of American Law. . Retrieved January 17, 2019 from Encyclopedia.com: https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/pro-rata
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.
pro ra·ta / prō ˈrātə; ˈrätə; ˈratə/ • adj. proportional: as the dollar has fallen, costs have risen on a pro rata basis pro-rata ownership. • adv. proportionally: their fees will rise pro rata with salaries.
"pro rata." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (January 17, 2019). https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/pro-rata
"pro rata." The Oxford Pocket Dictionary of Current English. . Retrieved January 17, 2019 from Encyclopedia.com: https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/pro-rata