prorated

adjective

pro·​rat·​ed (ˌ)prō-ˈrā-təd 

ˈprō-ˌrā-

: divided, distributed, or assessed proportionately (as to reflect an amount of time that is less than the full amount included in an initial arrangement)

The catch is that the Dolphins can get back the prorated portion of the $5 million if Madison defaults on the contract.

—Mike Freeman

In some cases the warranty is prorated—its value declines over its time limit. Other warranties are not prorated.

—Roy Berendsohn

Examples of prorated in a Sentence

Recent Examples on the Web

Their prorated payroll this season was just $28.2 million, higher than only Pittsburgh and Baltimore, according to Spotrac, which tracks teams’ financial data. —Tyler Kepner, New York Times, 19 Oct. 2020

Word History

First Known Use

1894, in the meaning defined above