Longman Dictionary of Contemporary English homepage

coinsurance

 noun
     
Related topics: Insurance
co‧in‧sur‧ance [uncountable] American English
1BFI a type of insurance in which the payment is split between two people, especially between an employer and a worker:
health coinsurance
2BFI insurance that will only pay for part of the value or cost of something
Definition from the Longman Dictionary of Contemporary English
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