Words / P / Business

proration

noun/prəˈreɪʃən/

C2CEFR level
85/100Rarity: very rare
TechnicalRegister

The proportional allocation of an amount across periods, parties, or units.

The proration of the annual bonus reflected the number of months each employee had worked.

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting