prorated basis

USAGE SUMMARY

The phrase "prorated basis" is correct and usable in written English.
It is typically used in financial contexts to describe the allocation of costs or benefits proportionally based on time or usage. Example: "The refund will be calculated on a prorated basis, reflecting the unused portion of your subscription."

✓ Grammatically correct

Academia

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

22 human-written examples

Those who have paid in advance for access to TimesSelect will be reimbursed on a prorated basis.

The New York Times

In the future, Pinterest could distribute such shares as a dividend, on a prorated basis, to its shareholders.

Harvard University

Wallace shareholders will receive, on a prorated basis, about $14.40 in cash and 1.05 shares of Moore for each Wallace share.

The New York Times

Colorado voters rejected one of the highest-profile ballot initiatives in the nation, a measure that would have awarded the state's electoral votes on a prorated basis.

The New York Times

If you were to take this on a prorated basis for each victory (which, of course, you can't), Groh is earning about $133,000 a victory.

The New York Times - Sports

Ms. Reece did not keep the money from the two finds separate, so Mr. Brown decided to divide the remaining $25,230 on a prorated basis.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

38 human-written examples

The annual fee for a materials license that is subject to fees under this part and issued on or after October 1 of the FY is prorated on the basis of when the NRC issues the new license.

Cornell University

(i) The annual fee for a materials license that is subject to fees under this part and downgraded on or after October 1 of a FY is automatically prorated on the basis of the date when the application for downgrade is received and approved by the NRC, provided the licensee permanently ceased the stated activities during the specified period.

Cornell University

The spent fuel storage/reactor decommissioning annual fee for reactor licensees who permanently cease operations and have permanently removed fuel from the site during the FY will be prorated on the basis of the number of days remaining in the FY after docketing of both the certifications of permanent cessation of operations and permanent removal of fuel from the site.

Cornell University

If the extension were to be prorated on a yearly basis and Manning played its entirety under its terms, his salary would be about $16.25 million a year.

The New York Times - Sports

After that, the vesting could be prorated on a monthly basis, so that each month you're vested an additional 1/48th (because there are 48 months in four years).

HuffPost

Expert writing Tips

Best practice

When discussing refunds or fees, clearly state the "prorated basis" calculation method to ensure transparency and avoid misunderstandings.

Common error

Avoid assuming that a "prorated basis" always means equal divisions. Ensure the calculation correctly reflects the proportional relationship it's intended to represent, considering factors like time, usage, or contribution.

Linguistic Context

The phrase "prorated basis" functions as an adjectival phrase modifying a noun, typically to describe how something is calculated or distributed. As shown by Ludwig, it indicates that an amount is adjusted proportionally.

Expression frequency: Common

Frequent in

Academia

30%

News & Media

45%

Science

15%

Less common in

Formal & Business

10%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "prorated basis" is a commonly used phrase that indicates a proportional calculation or distribution, as verified by Ludwig AI. It is grammatically correct and frequently appears in academic, news, and business contexts. Alternatives like "proportional allocation" or "pro rata distribution" can be used to convey similar meanings. When using this phrase, ensure the proportionality is accurately calculated and clearly communicated to maintain transparency and avoid misunderstandings. Its widespread usage and clear meaning make it a valuable term in various professional settings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

proportional allocation

Emphasizes the act of dividing something proportionally.

pro rata distribution

Highlights the distribution aspect based on a proportional calculation.

proportional calculation

Focuses on the mathematical process of determining a fair share.

equitable distribution

Suggests a fair and just division based on specific criteria.

apportioned share

Stresses the assignment of a specific portion to each party.

ratable share

Highlights the calculation of shares at a specific rate.

proportionate division

Stresses the act of dividing, ensuring each part corresponds correctly to the whole.

scaled contribution

Emphasizes contributions that are adjusted according to a specific scale.

adjusted allocation

Suggests an initial allocation that is then modified to reflect fair proportions.

partial refund

Focuses on receiving a portion of the money back, adjusted according to the time or usage.

FAQs

How do you calculate a refund on a "prorated basis"?

To calculate a refund on a "prorated basis", determine the total cost, divide it by the total period (e.g., months, days), and then multiply by the unused period. For instance, if a yearly subscription costs $100 and you cancel after 6 months, the refund would be $100 / 12 months * 6 unused months = $50.

What's a simpler way to say "prorated basis"?

You can use phrases like "proportional allocation", "pro rata distribution", or "equitable distribution" as alternatives to "prorated basis", depending on the specific context.

Is it correct to use "prorated" in contexts other than finance?

While commonly used in financial contexts, "prorated" can apply to any situation where something is divided or allocated proportionally based on a specific factor. Its usage is appropriate as long as the proportional relationship is clear and relevant.

How does "prorated basis" differ from a fixed or flat rate?

A "prorated basis" involves calculating a cost or benefit proportionally, whereas a fixed or flat rate remains constant regardless of usage or time. For example, a "prorated basis" for tuition might charge students only for the portion of the semester they attend, while a flat rate charges the same amount regardless of attendance.