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Canadian Law > Pro Rata
The following information is about Pro Rata.
Pro Rata Defined
Latin: to divide proportionate to a certain rate or interest. For example, if a company with two shareholders, one with 25% and the other with 75% of the shares, received a gift of $10,000 and desired to split it "pro rata" between the shareholders, the shareholder with 25% of the shares would receive $2,500 and the 75% shareholder, $7,500.
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Off-site Pro Rata Links, User Submitted
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