(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. Examples an heir who receives one-quarter
of an estate may be responsible for one-quarter of the estate taxes as his/her pro
rata share. A buyer of a rental property will pay his/her pro rata share of the
property taxes for that portion of the year in which he/she holds title.
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