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Definition of Proration
1. Noun. 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.
Definition of Proration
1. Noun. (telecommunication) 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. ¹
2. Noun. (telecommunication) 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. ¹
3. Noun. (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. ¹
¹ Source: wiktionary.com
Definition of Proration
1. [n -S]
Lexicographical Neighbors of Proration
Literary usage of Proration
Below you will find example usage of this term as found in modern and/or classical literature:
1. Cost Accounting for Logging Operations by G. A. Ware, News print service bureau (1922)
"When supplies are not measured by weight it will be necessary to determine their
weights for the purpose of the proration. This can usually be done by ..."
2. For a New Liberty: The Libertarian Manifesto by Murray Newton Rothbard (2006)
"State and federal oil proration laws provide for absolute maximum limits on crude
oil production, thereby driving up oil prices, prices that are further ..."
3. Federal Nutrition Programs: Hearing Before the Committee on Agriculture (1998)
"Getting back to your basic question, yes, proration would definitely have a ...
Our general budget, as you know, seems to always be in proration. ..."
4. Federal Nutrition Programs: Hearing Before the Committee on Agriculture (1998)
"Getting back to your basic question, yes, proration would definitely have a ...
Our general budget, as you know, seems to always be in proration. ..."
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