proration Antonyms

Meaning of proration

Wordnet

proration (n)

the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer

proration Sentence Examples

  1. Proration of expenses is necessary when costs are shared among multiple parties.
  2. The proration of taxes ensures that each property owner pays their fair share based on the time they owned the property during the tax period.
  3. When a service is terminated before the end of the billing cycle, proration of charges may apply.
  4. Proration is often used in insurance policies to adjust premiums for partial coverage periods.
  5. The proration of benefits allows employees who join the company mid-year to receive a portion of the annual benefits package.
  6. In some cases, proration of salary is necessary for employees who work only a portion of the pay period.
  7. Proration can help ensure fairness and accuracy in financial transactions and allocations.
  8. When dividing expenses among tenants in a shared space, proration based on square footage or usage may be used.
  9. The proration of fees is common when joining memberships or subscriptions partway through the billing cycle.
  10. Proper proration methods are essential for maintaining transparency and equity in financial transactions.

FAQs About the word proration

the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each pro

apportion, provide, dispense, allocate, administer,distribute, assign, divide, share, proportion

deprive (of), refuse, disallow, withhold, reject, decline, deny, decline, reject, deny

Proration of expenses is necessary when costs are shared among multiple parties.

The proration of taxes ensures that each property owner pays their fair share based on the time they owned the property during the tax period.

When a service is terminated before the end of the billing cycle, proration of charges may apply.

Proration is often used in insurance policies to adjust premiums for partial coverage periods.