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PRO RATA

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Proportionately; according to a certain rate, percentage, or proportion. Thus, the creditors (of the same class) of an insolvent estate are to be paid pro rata; that is, each is to receive a dividend bearing the same ratio to the whole amount of his claim that the aggregate of assets bears to the aggregate of debts.

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