In plain English
When a plan is paid for in advance and changed before the period ends, some of that paid time is still left over. A prorated credit is the credit for that unused portion, worked out according to how much time remains.
In context
Here, "prorated credit" names the credit applied for the unused part of the current prepaid period when the plan changes mid-cycle.
- Situation
- Managing subscriptions, trials, renewals, proration, upgrades, and cancellations
- What it communicates
- labels the credit applied during a mid-cycle plan change
Meaning limits
The term alone does not show the final amount due for the change; it identifies only the credit for unused prepaid time.
Examples
“With eight days left in the prepaid month, he received a prorated credit instead of a full refund.”
“When she switched plans mid-cycle, a prorated credit was applied for the unused days on the old plan.”