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What does prorate mean?

Looking for the meaning or definition of the word prorate? Here's what it means.

Verb
  1. To divide proportionately, especially by day; to divide pro rata.
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Examples
In a flat benefit plan, you generally prorate the benefit earned to the portion of a full year of service credited to the employee.
At one point, Mr. Carey, unable to pay his rent for two months, negotiated with his landlord to prorate payments once he found employment.
A conservative practice would be to prorate the interest charges for the entire year, as if the debt had been existent for the entire year.
If your fiscal period is less than 365 days, you have to prorate your claim.
If you prorate their salary for working nine months out of the year, it goes up.
Waiting allows teams to prorate a released player's bonus over an extra year.

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