coinsurance
- Noun. (US) The joint assumption of risk between the insurer and the insured party.
- Noun. (context, international) The joint assumption of risk between multiple insurers.
This is an unmodified, but possibly outdated, definition from Wiktionary and used here under the Creative Commons license. Wiktionary is a great resource. If you like it too, please donate to Wikimedia.
This entry was last updated on RefTopia from its source on 3/20/2012.