Cryptocurrency Q&A
Why is it called prorated?
Why is it called prorated?
CryptoPioneer
Thu Oct 31 2024
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6 answers
758
I'm wondering about the origin of the term 'prorated'. What does it mean and why is it used in this context? I'd like to understand the background and reason behind its naming.
6 answers
CryptoKnight
Sat Nov 02 2024
When someone applies the term "prorate" to a bill or payment, they are essentially dividing the total cost.
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Margherita
Sat Nov 02 2024
They do this based on a specific period or usage, rather than charging the full amount.
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Sara
Sat Nov 02 2024
The term "prorate" has an interesting etymological background.
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Filippo
Sat Nov 02 2024
It originates from the Latin phrase "pro rata," which translates to "according to the calculated share."
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CryptoAlchemy
Sat Nov 02 2024
BTCC, a prominent cryptocurrency exchange, also incorporates this principle in some of its services.
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