Definitions
Wiktionary
- n. telecommunications budgeting the proportional distribution or allocation of parameters, such as noise power and transmission losses, among a number of tandem-connected items, such as equipment, cables, links, or trunks, in order to balance the performance of communications circuits.
- n. telecommunications In a telephone switching center, the distribution or allocation of equipment or components proportionally among a number of functions, to provide a requisite grade of service.
- n. accounting In the insurance industry, the act of taking money that is currently due from the insurance company and moving it to the patient, knowing that the dollar amount being moved is due from the patient as a deductible, coinsurance, or copayment amount.
WordNet 3.0
- n. 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
Examples
“We have used up our $437 million savings account known as the proration prevention account.”
“Due to sluggish tax revenues, Riley put General Fund programs under a 12 percent budget cut, known as proration, on April 30.”
“CBS said it will only accept for cash payment $250 million in notes so some notes will be subject to proration, that is, will be purchased for a combination of cash and stock at a ratio that is determined by how many notes are involved.”
CBS says $259.5M in notes tendered in offer - Yahoo! Finance
“Bob Riley's latest recommended budget to the Legislature, UA would get half of its stabilization money, $14.9 million, in fiscal year 2010, about $900,000 less than the university lost in the 9 percent mid-year education budget cut, commonly called proration, because of slumping tax collections this year.”
“There is a revenue estimating conference in January," Start said, "if that shows the types of negative numbers that we are seeing, we would like to avoid proration, which is a state aid cut for schools, but that is probably not likely.”
“Tim James 'father had cut the state budget to the bone, and then Democrat Don Siegelman's spending hikes were largely taken back through a process called "proration" when the economy temporarily went bad.”
“Right now, not hearing the word 'proration' is a very big deal.”
“You almost know that within two to three years, there's going to be some kind of proration looming, so what we've done over the three to four years that I've been here is try to add to our fund balance preparing where we wouldn't have to go back to the citizens and ask," she said.”
“Nalco shareholders will receive either 0.7005 shares of Ecolab common stock or $38.80 in cash per Nalco share owned, subject to proration such that the overall consideration paid consists of 70% stock and 30% cash.”
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