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Pro rata
Pro rataAccording to the rate, proportion or allowance. A creditor of an insolvent estate, is to be paid pro rata with creditors of the same class. RELATED TERMS-------------------------------------- Rate A public valuation or assessment of every man's estate; or the ascertaining how much tax every one shall pay. Creditor Creditor or obligee. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. Insolvent 1) It signifies a person whose estate is not sufficient to pay his debts. 2) A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility which his creditors may enforce, by recourse to legal measures, without reference to his estate proving sufficient to pay all his debts, when ultimately wound up. 3) It signifies the situation of a person who has done some notorious act to divest himself of all his property, as a general assignment, or an application for relief, under bankrupt or insolvent laws. Estate A right or interest in property or the property of a deceased person. SIMILAR TERMS-------------------------------------- Pro and con For and against. For example, affidavits are taken pro and con. Pro bono Provided for free. Pro bono publico means "for the public good." Pro confesso Chancery practice. For confessed. Pro eo quod Pleading. For this that. It is a phrase of affirmation, and is sufficiently direct and positive for introducing a material averment. Pro forma As a matter of form; in keeping with a form or practice. Something done pro forma may not be essential but it facilitates future dealings. For example, an invoice might be sent to a purchaser even before the goods are delivered as a matter of business practices. Pro hac vice (United Kingdom) For this occasion. Pro indiviso For an undivided part. The possession or occupation of lands or tenements belonging to two or mare persons, and consequently neither knows his several portion till divided: Pro possessore As a possessor. For example, a person may exercise certain rights over a thing not as owner but pro possessore: as a person who possesses, but does not own, the thing. Pro querente For the plaintiff; usually abbreviated, pro quer. Pro re nata For the occasion as it may arise. Pro se Latin: in one's personal behalf. Contrast with pro socio. Pro se divorce A divorce in which each spouse represents themselves in court without an attorney. Pro socio Latin: on behalf of a partner; not on one's personal behalf. Pro tanto For so much. Pro tempore (United Kingdom) For the time being. PREVIOUS AND NEXT TERMS-------------------------------------- Pro forma As a matter of form; in keeping with a form or practice. Something done pro forma may not be essential but it facilitates future dealings. For example, an invoice might be sent to a purchaser even before the goods are delivered as a matter of business practices. Pro hac vice (United Kingdom) For this occasion. Pro indiviso For an undivided part. The possession or occupation of lands or tenements belonging to two or mare persons, and consequently neither knows his several portion till divided: Pro possessore As a possessor. For example, a person may exercise certain rights over a thing not as owner but pro possessore: as a person who possesses, but does not own, the thing. Pro querente For the plaintiff; usually abbreviated, pro quer. Pro rata Pro re nata For the occasion as it may arise. Pro se Latin: in one's personal behalf. Contrast with pro socio. Pro se divorce A divorce in which each spouse represents themselves in court without an attorney. Pro socio Latin: on behalf of a partner; not on one's personal behalf. Pro tanto For so much. We thank you for using the Juridical Dictionary to search for Pro rata. If you have a better definition for Pro rata than the one presented here, please let us know by making use of the suggest a term option. This definition of Pro rata may be disputed by other professionals. Our attempt is to provide easy definitions on Pro rata and any other medical topic for the public at large.
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