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What Is Prorated?

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Definition
Divided based on another value, usually a unit of time. Common examples of things that are prorated are rent or utility bills, which are reduced based on the amount of time you have lived in the house. If you start living in a residence mid-month, your bills are usually prorated to take into account that you only lived there a percentage of the regular billing cycle.  Hope this answer helps!  Good Luck.....

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