Apportion

1. To allocate a money amount on a time basis.

For example

total profits of EUR 100,000 for a period of one year (365 days) consisting of a one month (30 days) period and an 11 months (335 days) period would be time-apportioned as follows:

One month period:

EUR 100,000 x 30/365

= EUR 8,219

11 months period:

EUR 100,000 x 335/365

= EUR 91,781

(This is also known as 'time-apportionment'.)

2. To allocate a money amount on any other systematic basis. For example, to allocate the total costs of a shared building on the basis of floor areas.

3. To allocate any amount on a systematic basis.

See also

• Time-apportion