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Definition of prorate verb from the Oxford Advanced American Dictionary

 

prorate

 verb
verb
NAmE//ˈproʊreɪt//
 
[transitive]Verb Forms present simple I / you / we / they prorate he / she / it prorates past simple prorated -ing form prorating
 
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to calculate a payment according to how much of something has been used, the amount of work done, etc. The bonus will be prorated according to salaries.
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