Why is it called prorated?
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.
What is a prorated example?
I'm trying to understand prorated examples. Could you provide me with a prorated example to help me grasp the concept better?
What does monthly charges prorated mean?
I'm trying to understand the concept of 'monthly charges prorated'. Could someone explain what it means and how it's calculated?
What is prorated policy fee?
I'm trying to understand what a prorated policy fee is. Could someone explain this concept to me in simple terms, including how it's calculated and when it applies?
What does it mean if a payment is prorated?
I'm trying to understand the concept of prorated payments. What does it imply when a payment is described as prorated? I want to know how it works and what are its implications.