How Do You Spell PRORATABLE?

Pronunciation: [pɹˈɔːɹe͡ɪtəbə͡l] (IPA)

The word "proratable" is spelled phonetically as /prɔːrətəbəl/. The first syllable is pronounced as "proh" and the second syllable is pronounced as "rah". The third syllable "tuh" is pronounced with a schwa vowel sound. The fourth and fifth syllables "buh" and "uhl" are pronounced as "bul". The -able suffix indicates that the word is an adjective meaning "able to be proportionally distributed". It is commonly used in finance, accounting, and insurance industries when referring to dividing costs or expenses among parties involved in a contract.

PRORATABLE Meaning and Definition

  1. Proratable is an adjective that describes something that can be proportionately divided or allocated based on a specific criteria or formula. It is derived from the word "prorate", which means to divide or distribute in proportion.

    In various contexts, proratable refers to the ability to apportion or distribute something based on certain factors or requirements. This term is often used in financial, accounting, and business settings. For example, when referring to expenses, proratable expenses are costs that can be divided or allocated among multiple parties or periods. This can include utilities, rent, or insurance premiums, which may be shared by different tenants or over a specific time frame.

    In the same sense, proratable revenue can be divided or allocated among multiple entities based on their contributions or specific contracts. For instance, in a partnership, the revenue generated from a joint venture can be prorated according to each partner's share or capital investment.

    Proratable can also be applied to other situations that involve dividing or allocating resources, such as time, energy, or effort. For instance, in project management, tasks can be proratable among team members based on their expertise, availability, or workload.

    Overall, the term proratable highlights the ability to proportionately divide or allocate something based on specific criteria or requirements. It enables fair distribution and allocation of resources, expenses, or revenue among multiple parties, periods, or factors.

Common Misspellings for PRORATABLE

Etymology of PRORATABLE

The word "proratable" is derived from the root word "prorate" combined with the suffix "-able". "Prorate" originated from the Latin term "pro rata", which means "in proportion" or "according to the rate". It was used in accounting to describe the process of allocating or distributing costs, fees, or rates proportionally based on the specific duration, share, or usage involved. The suffix "-able" is added to form an adjective, indicating that something is capable of being prorated or proportionally divided. Therefore, "proratable" refers to something that can be proportionally allocated or distributed.

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