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?
And, by the way, the maximum rate of interest that may be charged under the California Constitution is 10% per year. Contrast this with a 5% late fee imposed for a rent payment that is 10 days late: that works out to over 180% per year! Late fees illegally collected by a landlord should probably be treated as an additional security deposit, returnable at the end of the lease with interest.