What Does Prorated Mean?

Answer When you prorate an amount, you distribute the payment proportionally over a set period. Rent, utilities and other kinds of payments can be prorated. The term prorated is associated with the exchan... Read More »

Top Q&A For: What Does Prorated Mean

What Is a Prorated Salary?

"Salary basis" means the employee receives a specific amount of pay each payday, which makes up all or part of her pay. Ordinarily, this amount cannot be reduced or deducted -- the employee must re... Read More »

How do you create a prorated warranty?

Answer Hi, Manufacturers who would like to extend their warranty, more from a product `attractiveness` angle will offer a prorated warranty. It's another way of saying that they'll cover the warr... Read More »