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prorate

Syllabification: pro·rate
Pronunciation: /prōˈrāt, ˈprōˌrāt
 
/

Definition of prorate in English:

verb

[with object] (usually be prorated) chiefly North American
Allocate, distribute, or assess pro rata: bonuses are prorated over the life of a player’s contract
More example sentences
  • Job sharing allows two people to share one full-time position, prorating salary and some benefits.
  • Drawbacks include reduced income, a higher cost for benefits if they are prorated, and lower contributions by the employer to a 401 plan.
  • The part-time tenure track prorates additional years to tenure review based on the full-time equivalent.

Derivatives

proration

1
Pronunciation: /prōˈrāSHən/
noun
Example sentences
  • The excessive prorations ensure the Redskins will be capped out in three to four years - and the process will be accelerated if any of their new players' contracts are terminated early because of injury or erosion of skill.
  • He signed for what looked like a $10 million bonus, and in theory a gentleman who just cashed a huge check cannot be cut for years because proration of the bonus would crash-land onto the salary cap.
  • Later, the judge ruled that, constitutionally, the cutbacks could not come via proration.

Definition of prorate in:

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