| / English Dictionary |
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)
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