What is meant by pro-rata?
Answer:
pro-rata is a portion of something . for example if you totally trashed your car and you still had 6 months registration on it you can geta pro-rata refund on the remaining time you paid to have it registered on the road
paying for wat was really used
It means that the rate someone charge is ADJUSTED according to things like wear and tear, age of item involved, and other similar situational things.
its the actual days/weeks you work for example if you work on 34 weeks of the year at a school/ college etc you dont get paid the just divide your 34 weeks salary into 52 weeks of the year.
so you end up with bugger all
Well In wage terms they announce a pro rata payment of the annual salary which would be that sum broken down into an hourly rate and multiplied by the amount of hours worked
Comes from the latin : pro meaning 'according to' and ratus, meaning 'calculated'.
Basically its in propotion to something that can be exactly calculated.
Hope this helps
Propotional according to the rate.
It is basically used to mean as a caluculated proportion of the total.
For example if I had worked 6 months and got 4 weeks paid holiday a year I would have got 2 weeks holiday pro-rata.
Pro-rata is being in favor of rata. If you are against rata then you are anti-rata. I have always been pro-rata myself but some people call me dumb and stupid and they say I am a moron. I might be slow at times but I do know a few things and rata is one of them.
hey i wonder in what context your asking this question but still. pro rate is nothing but sharing wat ever u have . i.e. if u owe money to say 10 ppl and u have only money to pay 2 ppl ten the available money will be shared and given to all the ten ppl in their lending ratio( i.e. amount lent). if how ever its in relation to the pro rata allotment of shares. its also the same thing . if the issue is oversubscribed then every one will get a proportion of wat they have aplied .. this is called pro rata
In terms of employment it relates to what proportion of a full time job you do. Say for example there is a full time jobwhich pays £20,000 per year with 20 days holiday for 40 hours per week. If you did that job part time e.g. 20 hours per week, as you were only doing half the job, you would get half the benefits i.e. £10,000 per year and 10 days holiday.
proportionally related
for example, if you are paid pro-rata, you might be quoted a salary for a year's work, but if you only work part of the year, you would be paid for the time that you worked, rather than the full year
If relates to pay ,it means that you are getting a proportion of the salary that you are allowed annualy, base on the hours that you work.
Had u mentioned in which context u want, would have made me further easy to explain to u r precise doubt.
well. In calculation of wages , incentive for sales man, over time allownce , even on housing loan the interest percentage levied etc. done on " PRO RATA " basis.
For eg.. incentive for sales man who achieves just the target @ 5 % Those who exceed 10 % above the target will get 8% incentive etc.
A proportion os something. Ie. if someone works part time, the wage is normally expressed as pro rata, so you work out the percentage of time you work compared to a full time person, then apply this to the 'earnings pro rata' figure.
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