costsharing
nounUK /ˈkɒstˌʃeərɪŋ/
US /ˈkɔstˌʃɛrɪŋ/
When two or more people split the price of something so each pays only a part.
The roommates agreed on costsharing for the electricity bill.
RELATED WORDS
OTHER MEANINGS
2. In health insurance, the part of medical bills a patient pays, such as copays and deductibles.
The plan has low premiums but high costsharing for hospital visits.
3. A business arrangement where partners divide project expenses.
The two firms signed a costsharing agreement for the research.
4. Sharing costs between governments or organizations for a shared service.
Costsharing between the cities kept the bus route running.