Proration (noun) Definition, Meaning & Examples

noun
  1. the act of dividing, distributing, limiting, or calculating something proportionately, as fees, wages, quotas, funding, etc.: Supporting memberships are available at $5,000 per year, with no proration for a term of less than one year.The school superintendent had assumed a $650 per-pupil proration for the current fiscal year.
Proration (noun) Definition, Meaning & Examples

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