Allocate vs Prorated - What's the difference?

As verbs the difference between allocate and prorated

is that allocate is to set aside for a purpose while prorated is (prorate).

(allocat)

To set aside for a purpose

To distribute according to a plan, generally followed by the adposition "to"

The bulk of K–12 education funds are allocated to school districts that in turn pay for the cost of operating schools.

(computing) To declare a section of the memory to be used by the program.

* (declare a section of memory) free, deallocate

(head)

(prorate)

* * * *

(prorat)

To divide proportionately, especially by day; to divide pro rata.