pro rata definition
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Definitions &Translations Freebase(0.00 / 0 votes)Rate this definition: Pro rata. Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase. In North American English this term has been vernacularized to prorated.
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Definitions &Translations Freebase(0.00 / 0 votes)Rate this definition: Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase.
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What Does Pro Rata Salary Mean? Calculation. To arrive at your pro rata salary, you must know what the job pays on a full-time basis, what your employer views as full-time hours, the number of weeks you will be working during the year and your required work hours per week.n terms of salary, pro rata refers to the proportion, or percentage, a part-time employee would receive if she worked full-time. Pro rata may also apply when an employer makes certain deductions from your salary.
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The Size of a Home the Year You Were Born The average single-family home built today is 2,657 square feet, more than twice the average single-family home built in 1920. To determine how homes have changed over the past century, 24/7 Wall St. estimated the size of a newly constructed single-family house between 1920 and 2014.
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pro forma Legal Definition of pro forma. 1  1 : made or carried out in a perfunctory manner or as a formality. 2  2 : provided or made in advance to describe items or projections a pro forma invoice.
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If you work in a school do you get paid in the school holidays? Support staff do not have to attend non-contact or inset days, unless of course they are going to be paid overtime to attend. Pro-Rata just means you only get paid for the time you are at work-i.e. 10 weeks school hols unpaid. Hope this clears it up for you.
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Definitions &Translations Pro rata. Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase.In North American English this term has been vernacularized to prorated.ro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase.
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Search Legal Terms and Definitions pro se (proh say) prep. Latin for for himself. A party to a lawsuit who represents himself (acting in propria persona) is appearing in the case pro se. See also: in propria persona The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications
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Pro hac vice Pro hac vice (American English pronunciation: [prəʊ hæk 'vi:tʃei]), Latin: for this occasion or for this event (literally, for this turn), is a legal term usually referring to a practice in common law jurisdictions, whereby a lawyer who has not been admitted to practice in a certain jurisdiction is allowed to participate in a particular case in that jurisdiction.
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pro forma For example, if a company is considering acquiring another, it may prepare a pro forma financial statement to estimate what effect the acquisition would have on its own financial circumstances. A pro forma financial statement can be part of the risk analysis of a situation. See also: Due diligence.
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pro forma invoice pro forma invoice. An abridged or estimated invoice sent by a seller to a buyer in advance of a shipment or delivery of goods. It notes the kind and quantity of goods, their value, and other important information such as weight and transportation charges.
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What Does Pro Rata Salary Mean? Calculation. To arrive at your pro rata salary, you must know what the job pays on a full-time basis, what your employer views as full-time hours, the number of weeks you will be working during the year and your required work hours per week.or example, this may happen to a teacher who works on a part-time basis for a college or university. Assume a full-time teacher makes $48,000 per year, based on a 40-hour work week, and does the same work you do. If you work 20 hours per week, your annual pro rata salary would be half of $48,000, or $24,000.
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"What Does ""Pro Forma"" Mean?" Pro forma, originates as a Latin phrase which, literally translated, means something like for the sake of form.. It is often used for specific purposes in economics and finance. The briefest perusal of some dictionary definitions begins to express our ambivalence about the use of the term in economics and especially in finance.
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- A pro se party appealing from a district court decision must file a notice of appeal and pay the docket fee or file for in forma pauperis (IFP) status in the district court as described in the Instructions for the type of case being appealed. The pro se party is called the appellant in such matters.
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What is a 'Pro-Forma Invoice'? Pro-Forma Invoice. What is a 'Pro-Forma Invoice'. A pro-forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. Typically, it gives a description of the purchased items and notes the cost along with other important information, such as shipping weight and transport charges.
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Pro-Form in Grammar Pro-form is a word or phrase that can take the place of another word (or word group) in a sentence. The process of substituting pro-forms for other words is called proformation. In English, the most common pro-forms are pronouns, but other words (such as here, there, so, not, and do) can also function as pro-forms. (See Examples and Observations, below.) The pro-form is the referring word in a sentence; the word or word group that's referred to is the antecedent.
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- Facultative and treaty reinsurance can be written on either a pro rata or. excess of loss basis. Pro Rata. a term describing all forms of quota share and surplus share reinsurance in. which the reinsurer shares the same proportion of the premium and losses.
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Add-Ons DEFINITION of 'Pro Forma'. A Latin term meaning for the sake of form. In the investing world, it describes a method of calculating financial results in order to emphasize either current or projected figures.
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Definition pro rata cancellation. The cancellation of an insurance policy or bond with the return of unearned premium credit being the full proportion of premium for the unexpired term of the policy or bond, without penalty for interim cancellation. See also Short-rate cancellation; Cancellation; Flat cancellation.
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- pro-1. 1  a prefix indicating favor for some party, system, idea, etc., without identity with the group (pro-British; pro-Communist; proslavery), having anti- as its opposite.
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What is a Pro Forma Invoice? Try reviso. Definition: A pro forma invoice is delivered to a buyer in special circumstances - typically, when all details for the invoice are not yet known. A pro forma invoice is a document that states a commitment on part of the seller to deliver the products or services as notified to the buyer for a specific price. It is thus not a true invoice.
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What does Pro rata per annum mean? Report Abuse. pro rata means accordingly calculated in latin. Per annum means per year in latin. It means that if the pay was £25,000 a year for a full time person you'd get it calculated for the part time position but it's easier to understand how much the salary is if it is written like this.t means the figure shown as a wage in a job ad won't be what you'll be paid. EG - £30k per annum (pro rata) for a job advertised as 17.5 hours per week would probably pay around £15k-the £30k refers to the full time pay.
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Pro rata More specifically, pro rata means: 1  In proportionality to some factor that can be exactly calculated. 2  To count based on amount of time that has passed out of the total time. 3  Proportional Ratio.
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pro rata Proportionate to one's interests or claims.In bankruptcy,unsecured creditors will receive their pro rata portion of any money left after paying secured creditors, attorneys'fees, and costs of administration.
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Definition of âpro formaâ - English Dictionary Losses of £100m in the first half were more than double the total for a year earlier on a pro-forma basis. a pro forma document/letter In the ordinary way a pro forma letter would be included for the client 's signature.