Explore the essentials of pro-rata tranches, their features in syndicated loans, involved risks, and how they influence borrowing and lending strategies.

Learn how the pro rata condition of average affects insurance claims, ensuring your coverage aligns with your asset's value to avoid unexpected financial liability.

Note: This article is part of Morningstar's 2018 Guide to IRAs special report. A version of this article appeared on Oct. 10, 2016. At first blush, the term "pro rata" sounds like the worst type of ...

Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets ...