Word: proration
Part of speech: Noun
Syllables: pro
ra
tion
Definition: In the insurance industry, the act of taking money that is currently due from the insurance company and moving it to the patient, knowing that the dollar amount being moved is due from the patient as a deductible, coinsurance, or copayment amount.
Morphemes:
Affix: prorate
Language: en
PoS: Verb
Meaning: To divide proportionately, especially by day; to divide pro rata.
Etymology Compounds: Affix: pro
Language: la
Decoded: pro
Meaning: according to
Affix: ratus
Language: la
Decoded: ratus
Meaning: calculated
Affix: -ion
Language: en
PoS: Suffix
Meaning: an action or process, or the result of an action or process
Etymology Compounds: Affix: -iō
Language: la
Decoded: -io
PoS: Suffix
Meaning: Used to form abstract nouns from verbs.