Pro rata is a term used to describe a proportionate allocation. It's a method of assigning an amount to a fraction according to its share of the whole.

Two new IRS publications lay out important rules and clarifications for when and how to prorate compensation and benefit limits for short plan years. Retirement plans may experience a short plan year ...

Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets ...