PRORATION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting acts or actions

Hypernyms ("proration" is a kind of...):

coordination (the regulation of diverse elements into an integrated and harmonious operation)

Derivation:

prorate (divide or assess proportionally)

prorate (make a proportional settlement or distribution)

Credits