Definition of Prorate

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TeachMeFinance.com - explain Prorate



Prorate

The term 'Prorate ' as it applies to the area of agriculture can be defined as ' A quantity provision in a fruit or vegetable marketing order that is intended to even out weekly shipments (or shipments for some other specified periods of time); it aims to prevent too much of the regulated commodity from entering the commercial market at the same time and thereby depressing prices'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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