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be prorated
verb
To divide proportionately, especially by day; to divide pro rata.
Exact(26)
For example, if $12 million of Revis' 2014 base salary is added to his $1.5 million third day of the 2014 league year roster bonus (March 13) where the entire $13.5 million becomes guaranteed for skill, the cap and injury, the roster bonus will be prorated over the five years left on his contract ($2.7 million yearly proration).
The fees also should be prorated, or reduced over the time of the contract, he said.
Under the law, distributions have to be prorated between the two types, so careful record-keeping is necessary.
If shareholders elect too much cash, they will be prorated to receive shares to meet this percentage.
If too many RGS shareholders elect one or the other, payment will be prorated to meet that requirement.
The assessments were allocated on a per-unit basis, even though the bylaws require that they be prorated according to each owner's percentage of the common interests.
Similar(32)
The company recently announced in a press release that they would be prorating November's rent, but David Ng, a Manhattan attorney, said that if a landlord hasn't made his apartments habitable to his tenants, he doesn't have a case to demand rent in the first place.
(The grants were prorated based on population).
(The bill was prorated for almost two months of service).
Because I had worked there for seven months, my bonus was prorated.
"He's on a basic $200,000 salary that is prorated for the time he is with us," Phillips said.
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