Noun
the proportional limitation of production or distribution of something (e.g. crude oil or natural gas) to some fractional part of the total capacity of each producer
Source: WordNetAccordingly, the Notes validly tendered and not validly withdrawn will be subject to proration. Source: Internet
However, if he opts out, 2020 proration will shift to 2021. Source: Internet
In more recent years, teams have discovered the guarantee of base salaries as an alternative, in order to avoid proration and thus potential dead money acceleration. Source: Internet
Nevertheless, proration — the industry term for reducing production — appears to be a long shot. Source: Internet
Modification of rules for life insurance proration for purposes of determining the dividends received deduction. Source: Internet
Payment for all charges is made in advance and there is no proration of such charges. Source: Internet