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What does prorate mean?

Looking for the meaning or definition of the word prorate? Here's what it means.

Verb
  1. To divide proportionately, especially by day; to divide pro rata.
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Examples
The prepaid services will be prorate based on number of months within the billing cycle.
At one point, Mr. Carey, unable to pay his rent for two months, negotiated with his landlord to prorate payments once he found employment.
If your fiscal period is less than 365 days, you have to prorate your claim.
In a flat benefit plan, you generally prorate the benefit earned to the portion of a full year of service credited to the employee.
When overtime is performed, no hourly prorate of the per diem rate will be allowed.
If any of these special situations apply to your employees, you may need to prorate their contributions for the year.

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