Nolo's Plain-English Law Dictionary
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- Pro Rata
- (proh-rat-ah or proh-ray-tah) From Latin for "in proportion," refers to a share to be received or an amount to be paid based on the fractional share of ownership, responsibility, or time used. For example, a buyer of rental property will pay his or her pro rata share of the property taxes for that portion of the year in which he or she holds title.