Proration
Unless otherwise defined in financial terminology, to allocate costs, fees, premiums, etc. between buyer and seller on the basis of proportional distribution; in general, to divide a sum of money proportionately. – See Banking Supervision, European, Fees.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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