Prorating property expenses, like taxes and insurance, between the buyer and the seller of a property. Typically used to divide yearly costs between the two parties. For example, if a property is purchased on July 1, the seller may pay 50 percent of the tax liability for that year, and the buyer will be responsible for the other 50 percent.
Related information about apportionment:
- Apportionment - Wikipedia, the free encyclopedia
This article is about "apportionment" in law. See also apportionment (politics). The legal term apportionment (French apportionement; Med.
- United States congressional apportionment - Wikipedia, the free ...
United States congressional apportionment is the process by which seats in the United States House of Representatives are redistributed amongst the 50 states ...
- apportionment - The Free Dictionary
ap·por·tion·ment ( -pôr sh n-m nt, -p r -). n. 1. a. The act of apportioning. b. The condition of having been apportioned. 2. a. The proportional distribution of the ...
- Apportionment - Merriam-Webster Online
... APPORTIONMENT. : an act or result of apportioning; especially : the apportioning of representatives or taxes among the states according to United States law ...
- Apportionment - History - U.S. Census Bureau
Oct 18, 2012 ... Although not directly related to apportionment, it also includes ... Apportionment is one of the most important functions of the decennial census.
- Congressional Apportionment Main - U.S. Census Bureau
May 24, 2012 ... Congressional Apportionment. Main section. Demographic data and reports from the U.S. Census Bureau.
- Apportionment | Define Apportionment at Dictionary.com
/əˈpɔr ʃən mənt, əˈpoʊr-/ Show Spelled [uh-pawr-shuh n-muh nt, uh-pohr-] Show IPA. noun. 1. the act of apportioning. 2. the determination of the number of ...
- section 120—apportionment process - The White House
120.6 Can a portion of my TAFS be exempt from apportionment? 120.7 ... 120.12. After OMB approves an apportionment, can I obligate against all budgetary ...