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?
Pro-rated expenses up until the day of closing. For example any utility bills such as water/sewer or electric that are paid on a monthly or quarterly basis will be paid by the seller up to and including the day of closing. This is also true for any real estate taxes that are owed on the property.