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prorating

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 sec.
prorating (prōrā´ting),
n a clause in a contract with participating dental professionals wherein they agree to accept a percentage reduction in their billings to offset the amount by which the total cost of services provided exceeds the total premium received. Prorating is a method of spreading a “loss” equitably among participating dental professionals.


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The district court denied the petition, finding that the BOP regulation that used the amount of time actually served by the prisoner as the basis for prorating good-time credits, rather than the sentence imposed, was a reasonable interpretation of the statute governing the allocation of good-time credits.
If your employee were taking intermittent leave, say for his own serious health condition or that of a family member, you'd have to to break his leave entitlement up into hours, and that's where the prorating of hours comes into the picture.
Restrictions in seller's ability to supply contracted quantities, make-up and excess quantities will require prorating among all customers.
 
 
 
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