Examples of prorate in a sentence. 1  The player's annual salary was prorated because he only played for the last three months of the season. 2  shares in the company's profits were prorated according to the workers' length of service.
Can a utility company charge a late charge on a late charge that is carrying forward? They claim they apply the payment to the late charge first and then because the remaining balance doesn't match the total due, they continue to charge an additional late fee on the unpaid balance. Doesn't this amount to charging a late fee for an unpaid late fee no matter how they wash it through the billing?
Flat fee: The most common late charge is a flat fee, which can be any set amount (within legal limits), due immediately after the grace period. Typical flat fees range from $30 to $100 and are usually set at 4 to 6 percent of the monthly rental rate.