# Pro rata

A share of something split in proportion to what each party already holds.

It appears twice in a [searcher](https://searchspheresource.com/glossary/searcher)'s life and means the same thing both times. First, an investor's right to keep their percentage by funding their share of the next round. Second, the closing adjustment that splits rent, wages, and prepaid contracts between seller and buyer on the day itself.

In numbers: A closing on the 20th of a 30-day month leaves the seller owing $2,000 of the $3,000 rent, credited to the buyer on the closing statement.

Source: https://searchspheresource.com/glossary/pro-rata
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt