Pro Rata Legal Definition

Pro Rata Legal Definition. Calculated according to, or as a share of, the fixed rate for a larger total amount: It is a method of assigning an amount to a fraction according to its share of the whole.

Pro Rata Invoice Definition * Invoice Template Ideas from simpleinvoice17.net

Thelaw.com law dictionary & black's law dictionary 2nd ed. Pro rata is a latin term that means proportional. A clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the.

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To divide proportionate to a certain rate or interest. In a legal sense, pro rata may refer to a share to be received, an amount to be paid, or liability based on the fractional share of ownership, responsibility, or time.

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Pro rata means dividing payments according to what is fair and equivalent. In hendrie v lowmaster, justice ford of the circuit court of appeals was succinct:

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Pro rata means dividing payments according to what is fair and equivalent. Any element that is split into.

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Thelaw.com law dictionary & black's law dictionary 2nd ed. Distributing pro rata a profit amongst.

Pro Rata Share Means, With Respect To Each Lender At Any Time, A Fraction (Expressed As A Percentage, Carried Out To The Ninth Decimal Place), The Numerator Of.

To define pro rata, anyone can take a quick vocabulary lesson. Say for instance, if a debtor goes. Pro rata is a latin term that means proportional.

Under This Approach, Amounts Are Assigned Based On Each Participant’s Proportional Share Of The Whole.

In a bankruptcy case, when the debtor is insolvent, creditors. Pro rata is a financial term that entails equal proportions. It means the division of assets or amount in terms of certain rates, percentage or share in proportion of ownership.

The Term Is Used In Many Legal And Economic Contexts.

It is a method of assigning an amount to a fraction according to its share of the whole. Pro rata is used to describe a proportionate allocation. From latin for in proportion, referring to a share to be received or an amount to be paid based on the fractional share of ownership, responsibility or.

Suitable For The Demands Of The Occasion;

It means the division of assets or amount in terms of certain rates, percentage or share in proportion of ownership. Related to pro rata share basis. The latin term pro rata has a significant meaning in legal, real estate as well as job industries.

Pro Rata Refers To Things That Are Distributed Or Divvied Out In A Means That Is Proportional.

Calculated according to, or as a share of, the fixed rate for a larger total amount: A clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the. It’s used fairly often in business to help determine the right wages for employees.

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