Business Terms and Jargon Explained

What is Pro Rata

Legalese Explained: A legal Latin term used in the UK legal system to mean "proportionally".

Example of use
A three day job pays 100,000 a year pro rata.
This means that the annual full time equivalent would be 100,000 and therefore 3/5 x 100K = 60K would be paid for the three day week.

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Term created / updated 2013-07-02 09:32:25

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