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Coinsurance

noun

Noun

1
The joint assumption of risk between the insurer and the insured party. US, countable, especially, uncountable
2
insurance issued jointly by two or more underwriters wordnet
3
The amount paid by the insured in accordance with this risk sharing. US, countable, especially, metonymically, uncountable
"For Part B-covered services, you usually pay 20% of the Medicare-approved amount after you meet your deductible. This is called your coinsurance."
4
The joint assumption of risk between multiple insurers. countable, uncountable

From co- + insurance.

Unscramble this word: coinsurance