COINSURANCE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Insurance issued jointly by two or more underwriters

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("coinsurance" is a kind of...):

insurance (promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company)

Derivation:

coinsure (take out coinsurance)

Credits