Pro-Rata
Pro-Rata Type: adjective, adverb Pronunciation: /proh-ray-tuh/ Also spelled or known as: Pro Rata Related: Royalty Split, Revenue Allocation What does Pro-Rata mean? The proportional allocation of money, rights, obligations, royalties, or expenses based on each party’s respective share or percentage. Within the music industry, pro-rata calculations are commonly used for royalty distributions, publishing ownership, licensing income, […]