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?
Make sure to check your state-specific laws. In most areas, you can charge a single late fee, a per-day late fee and even a per-week late fee. Your local laws will dictate how much these fees can be, so don't try to take advantage of the system and overcharge tenants. This could end badly.