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What does prorated mean?

Looking for the meaning or definition of the word prorated? Here's what it means.

Verb
  1. simple past tense and past participle of prorate
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Examples
When I bought my house last year, the property taxes were prorated so that the seller paid the taxes up to the time of the sale.
Ideally, benefits and salary will be prorated to the number of hours worked by each employee.
For some repairs such as osmotic blisters the warranty is prorated over the five years.
These figures do not include National Training Center operating and instrumentation costs, which would be prorated across the number of units training on an annual basis.
Drawbacks include reduced income, a higher cost for benefits if they are prorated, and lower contributions by the employer to a 401 plan.
Some warranties provide no dollar limit on replacement while others are prorated based on how long the roof has been installed.

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