English version

prorate in Finance topic

From Longman Dictionary of Contemporary Englishproratepro‧rate /prəʊˈreɪt $ proʊ-/ verb [transitive] 🔊 🔊 American EnglishBFCOUNT/CALCULATE to calculate a charge, price etc according to the actual amount of service received rather than by a standard sum 🔊 The costs should be prorated. Grammar Prorate is usually passive.→ See Verb table
Examples from the Corpus
prorateThe fee will be prorated for the days you do not attend.