What is the opposite of pro rata?
What is the opposite of prorate?
What’s another word for pro rata?
What is another word for pro rata?
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What is the antonym for?
Definition of antonym
: a word of opposite meaning The usual antonym of good is bad.
What does the word pro rata mean?
Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to “in proportion,” which means a process where whatever is being allocated will be distributed in equal portions.
What is prorated salary?
A prorated salary is when a salaried employee gets paid based on the number of hours or days they work in a pay period, instead of their regular salary.
How does pro rata payment work?
A pro-rata payment is paid based on the proportion of time an employee has worked. For example: wages paid based on hours worked. salaries paid based on an FTE fraction.
What is an example of pro rata?
For example, if someone buys an insurance policy that’s quoted at a certain price for a full year of coverage, but that person only signs on for half a year’s worth of coverage, they would pay the insurance company on a pro rata basis that would come out to half the value of the full policy.
What is past tense of pro rata?
Can pro rata be used as a verb? And what should the past tense be? The verb form would be prorate or pro rate. The past tense is prorated.
How do you use the word prorata?
If something is distributed pro rata, it is distributed in proportion to the amount or size of something. All part-timers should be paid the same, pro rata, as full-timers doing the same job. Pro rata is also an adjective. They are paid their salaries and are entitled to fringe benefits on a pro-rata basis.
What does pro rata mean in law?
Primary tabs. Latin for “in proportion.” The term “pro rata” is used to denote proportional distributions or allocations. 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.
What does pro rata mean holidays?
Pro-rata holiday entitlement is an amount of holiday that’s in proportion to the holiday entitlement of a full-time employee. The proportion of holiday will depend on how much an employee works, relative to a full-time employee. For example, if they work half as much, they are entitled to half as much holiday.
Is it pro rata or prorated?
Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be measured or calculated. In North American countries, pro rata is often referred to or referenced as “prorated.”
What does pro rata mean UK?
The meaning of pro rata, or the definition of pro rata according to Cambridge Dictionary, is essentially to be paid in proportion of a fixed rate for a larger amount.
What is the difference between short rate and pro rata?
In a purely pro rata cancellation, insurance companies would refund roughly 50% of their original investment. However, with a short-rate cancellation, the company would be able to charge them additional fees for breach of contract.
How are leaves calculated on pro rata basis?
For Example, if you are providing 30 days PL/EL per annum to the employees. If any one joined during the month of may, he will be completed 8 months service in dec. Hence, 30/12 = 2.5 2.5 x8 = 20 DaysThe new employee is eligible for 20 days PL FOR THE 8 MONTHS.