High Quality Content by WIKIPEDIA articles! Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase. In North American English this term has been vernacularized to prorated. More specifically, pro rata means: 1. In proportion to some factor that can be exactly calculated. 2. To count based on amount of time that has passed out of the total time. 3. Proportional Ratio. Pro rata has a Latin etymology, from pro, according to, for, or by, and rata, feminine ablative of calculated (rate or change). When liability for a toxic tort or Products liability concerns many manufacturers, the liability under tort law is allocated proportionally. Each of several partners "is liable for his own share or proportion only, they are said to be bound pro rata.

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