Pro Rata - Law Dictionary Search Results
Home Dictionary Name: pro rata Page: 2stock
stock 1 a : the equipment, materials, or supplies of a business b : a store or supply accumulated ;esp : the inventory of the goods of a merchant or manufacturer 2 : the ownership element in a corporation usually divided into shares and represented by transferable certificates ;also : the certificate evidencing ownership of one or more shares of stock capital stock 1 : the stock that a corporation may issue under its charter including both common and preferred stock 2 : the outstanding shares of a joint stock company considered as an aggregate 3 : capitalization common stock : a class of stock whose holders share in company profits (as through dividends) on a pro rata basis, may vote for directors and on important matters such as mergers, and may have limited access to information not publicly available cumulative preferred stock : preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are ...
Pro rata
In proportion proportionately according to the share interest or liability of each...
Prorate
To divide or distribute proportionally to assess pro rata...
Other-insurance clause
Other-insurance clause, means an insurance-policy provision that attempts to limit coverage if the insured have other coverage for the same loss. The three Major other-insurance clauses are the pro rata clause, the excess clause, and the escape clause, Black's Law Dictionary, 7th Edn., p. 1128....
Rate-tithe
Rate-tithe, when any sheep or other cattle are kept in a parish for less time than a year, the owner must pay tithe for them pro rata, according to the custom of the place, Fitz. N. B. 51....
Solidum
Solidum. To be bound in solido is to be bound for the whole debt jointly and severally with others; but where each is bound for his share, they ae said to be bound pro rata parte....
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