Definitions for "Proration"
Equitable distribution of excess or deficiency.
The allocation of property taxes, interest, insurance premiums, rental income, etc., between buyer and seller proportionate to time of use.
To divide proportionately among the parties involved based on a fixed date of computations their share of an obligation paid or due , e.g., taxes, water, sewer and rents.
Also known as an allocation. A temporary limit on the amount of product customers can purchase at the terminal usually based on contracts and used to protect inventories in time of shortage. May also refer to a limit on the amount of product that can be shipped on a pipeline during a specific period of time by a supplier.
a system of allocating production on a per well basis.
the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer
The proportional payment of fees on a monthly or other basis according to the laws of each jurisdiction.
Division of a joint rate or charge between the carriers concerned on an agreed basis.→ Prorate → Rate Proration
A system, enforced by a state or federal agency or by agreement between operators, that limits the amount of petroleum that can be produced from a well or a field within a given period.
A reduction of the standard annual loan limit for an undergraduate student. Proration of the loan amount is required if the student's program, or the remainder of the student's program, is less than a full academic year long.
Keywords:  punch, quitclaim, deed, list
Punch list Quitclaim deed
The adjustment of benefits paid because of a mistake in the amount of the premiums paid or the existence of other insurance covering the same accident or disability.
Modification of policy benefits because of a change in the insured's occupation or the purchase of other insurance.
Prospective Earnings Growth Protected Strategy
Keywords:  see