Legal Definition of pro rata clause. : a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the same loss. — called also pro rata liability clause, standard other insurance clause. Pro rata literally means the division of something – in equivalent parts – to make up a whole. It doesn’t mean that all parts are equal, but that each piece is given value in proportion to something else. pro rata. (proh rat-ah or proh ray-tah) adj. from Latin for "in proportion," referring to a share to be received or an amount to be paid based on the fractional share of ownership, responsibility or time used. Pro rata refers to a proportional allocation.Under this approach, amounts are assigned based on each participant’s proportional share of the whole. In accounting, this means revenues, expenses, assets, liabilities, or other items are proportionally allocated among participants.A participant may be an individual or an entity. Pro rata is the term used to describe a proportionate allocation. It is a method of assigning an amount to a fraction according to its share of the whole. pro rata. Proportionate to one's interests or claims.In bankruptcy,unsecured creditors will receive their pro rata portion of any money left after paying secured creditors, attorneys'fees, and costs of administration. Define Pro Rata and Pari Passu Basis. means with respect to the Notes and the Note Holders, the allocation of any particular payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event such that
Pro rata literally means the division of something – in equivalent parts – to make up a whole. It doesn’t mean that all parts are equal, but that each piece is given value in proportion to something else.
Pro rata is a Latin term meaning "in proportion," referring to a share to be received or an amount to be paid based on the fractional portion of value, such as pro rata. (proh rat-ah or proh ray-tah) adj. from Latin for "in proportion," referring to a share to be received or an amount to be paid based on the fractional share In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. If the debtor has any remaining Definition of PRO RATA: Proportionately; according to a certain rate, percentage, or proportion. Thus, the creditors (of the same class) of an insolvent estate are
Pro rata refers to a proportional allocation.Under this approach, amounts are assigned based on each participant’s proportional share of the whole. In accounting, this means revenues, expenses, assets, liabilities, or other items are proportionally allocated among participants.A participant may be an individual or an entity.
In broad terms, a Certificate issued to a Legal Practice means that the Legal A pro rata Annual Contribution is levied for a part-time employed Practitioner 28 Aug 2019 To calculate pro rata holiday entitlement you need to multiply the of experience advising businesses on all aspects of employment law. This means they're entitled to 3/5ths the amount of holiday as a full-time employee.
31 Mar 2018 commencement of the CPD year you must complete, on a pro rata “Uniform Law” means the Legal Profession Uniform Law as applied in a.
21 Apr 2011 This means that if two parties caused the same harm to the plaintiff, the plaintiff could collect the full measure of his/her damages from either means any company or other entity inserted or otherwise identified using the feature of the infringe the legal rights (such as rights of privacy, publicity and 16 Feb 2012 National Law Review SEC Proposes to Update “Accredited Investor” Definition by: Andrew Rosell and Alex Allemann "Equitable Sharing Rule" Requires PIP Insurer to Pay Pro Rata Fees Even When It Also Insures In Mahler, the court held that a PIP insurer must pay a pro rata share of the insured's A free glossary of business contracts jargon, legal terms and definitions; if you have a good understanding of what contracts and their terminology actually mean. For example, a pro rata share issue is offered in proportion to the number of
Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be measured or calculated. In North American countries, pro rata is often referred to or referenced as “ prorated Prorated In accounting and finance, prorated means adjusted for
16 Feb 2012 National Law Review SEC Proposes to Update “Accredited Investor” Definition by: Andrew Rosell and Alex Allemann "Equitable Sharing Rule" Requires PIP Insurer to Pay Pro Rata Fees Even When It Also Insures In Mahler, the court held that a PIP insurer must pay a pro rata share of the insured's A free glossary of business contracts jargon, legal terms and definitions; if you have a good understanding of what contracts and their terminology actually mean. For example, a pro rata share issue is offered in proportion to the number of If these multiple-owner companies are legally structured as regular corporations or elect tax treatment as a corporation, the concept of pro rata taxes does not