What does pro rata mean?


What does pro rata mean?

Business Terms

It is important to know and understand different business terms and concepts. Especially if an individual intends to own and manage his own company or business firm.

Answer and Explanation:

Pro-rata means in proportion. It is usually used in businesses, such as in corporations and partnerships. In corporations, a stockholder is considered...

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Economics Vocabulary & Definitions
Economics Vocabulary & Definitions

from OSAT Elementary Education (CEOE) (050/051): Practice & Study Guide

Chapter 15 / Lesson 10

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