Most insurance policies are written for a specific term. Business auto polices, for example are usually written for the term of one year. In a perfect world, one-year policies come and go without need ...

Pro-rata is a Latin term that means “in proportion”. In the context of salaries, a pro-rata salary means pay in proportion to the time employees work, although it can mean share dividends etc. This is ...

In the context of a term sheet, pro rata rights (or pro rata) govern whether investors may continue to invest in subsequent rounds of funding in proportion with their ownership. Investors with pro ...