proration

[ proh-rey-shuhn ]

Phonetic (Standard)IPA

noun

the act of dividing, distributing, limiting, or calculating something proportionately, as fees, wages, quotas, funding, etc.:
Supporting memberships are available at $5,000 per year, with no proration for a term of less than one year.
The school superintendent had assumed a $650 per-pupil proration for the current fiscal year.

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