Outrageously Funny Word Dictionary :: Prorates

👉 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

👉 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