Pro Rata definition:
Latin: to divide proportionate to a certain rate or interest.
Pro Rata
Latin term meaning proportionally; for a proportion. Where several debtors are each liable for the whole debt, they are said to be liable "in solidum" but where each is liable for his own share or proportion only, ...
Pro Rata
Latin word meaning Proportionate. It means the division of assets or amount in terms of certain rates, percentage or share in proportion of ownership.
Pro Rata:
To divide proportionately amongst people having a claim.
Pro Bono:
Provided for free.
pro rata
(proh rat-ah or proh ray-tah) adj. from Latin for "in proportion," referring to a share to be received or an amount to be paid based on the fractional share of ownership, responsibility or time used.
Pro rata
Latin: to divide proportionate to a certain rate or interest.
Pro Rata
An equal or proportionate share as compared to others of the group, usually in the distribution of assets or the amount of voluntary payments.
Property Management ...
Debts or claims may be abated pro rata if there is not enough money to meet them all.
Ab initio: (Latin) from the beginning.
The legal effect is to divert most of the debtor's assets and debts to the administration of a third person, sometimes called a "trustee in bankruptcy", from which outstanding debts are paid pro rata.
Common Stock A class of stock for which dividends (payouts) are calculated on a pro rata basis (according to the number of shares a shareholder owns).
Typically, common shares have voting rights and a pro rata right to any dividends declared. They differ from preferred shares which, by definition, carry some kind of right or privilege above the common shares (eg. first to receive any dividends).
b : pro rata apportionment of loss among all the insurance policies covering the same person or property
compare indemnity
2 : the money paid by one responsible for a share ...
This term is also often used in bankruptcy proceedings where creditors are said to be paid pari passu, or each creditor is paid pro rata in accordance with the amount of his claim. Here its meaning is "equally and without preference."
See also ...
On the sale of the building these liens are to be paid pro rata. In some states no lien is created unless the work done or the goods furnished amount to a certain specified sum, while in others there is no limit to the amount.
Where however, the exec-utor cannot, by bringing suit, obtain a preference, the reason seems changed, and therefore in Pennsylvania, when do such preference can be obtained, the executor is entitled to retain only pro rata with creditors of the same ...
 See also: Will, Credit, Person, Law, Attorney
  
|
RSS
