Outrageously Funny Search Suggestion Engine :: Prorate

👉 In accounting and finance, a "prorate" is a term used to describe a payment or distribution that is paid in an amount equal to a percentage of the total amount received. This can be applied to payments such as salaries, bonuses, commissions, and other forms of remuneration. For example, if a company pays its employees a salary of $50,000 per year, they would pay 10% (or 0.10) of that salary

prorates

👉 In a financial context, "prorater" is often used to refer to someone who lends money to another party. This could be a borrower or an investor in an investment scheme. The term is also used in legal contexts, especially in contract law, where it refers to the person who agrees to perform a specific duty as part of a contract.

prorater

👉 In accounting and finance, prorated is a method used to adjust payments for different periods or periods of time. It involves dividing the total amount due between two or more equal parts. The result is the payment that each party receives based on their share of the total. For example, if a company owes $10,000 and it's divided into 5 equal payments over 3 years, each would receive $2,000 per year. This method allows companies to

prorated

👉 Proration, also known as revaluation or depreciation, is a method used to adjust the value of an asset over time by reducing its carrying amount. This adjustment is typically made when an asset's useful life has expired or when it becomes more expensive than its cost basis due to wear and tear. The term "prorate" refers to the process of adjusting the value of a property, such as a building or land, based on the expected future value of that asset rather than the present value.

prorate

👉 Prorates are rates or ratios used in medicine, accounting for differences in cost between different treatments or procedures. They are often expressed as a percentage, allowing healthcare providers to adjust costs based on the patient's health status and their financial situation.

Prorates