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PRO RATA Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

Proportionately; according to a certain rate, percentage, or proportion. Thus, the creditors (of the same class) of an insolvent estate are to be paid pro rata: that is, each is to receive a dividend bearing the same ratio to the whole amount of his claim that the aggregate of assets bears to the aggregate of debts.

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