Apportion

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1.

To allocate a money amount on a time basis.


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 any systematic basis.


See also