expense-sharing
nounUK /ɪkˈspɛnsˌʃɛərɪŋ/
US /ɪkˈspɛnsˌʃɛrɪŋ/
When people split the cost of something so everyone pays a fair part.
The roommates agreed on expense-sharing for rent and groceries.
OTHER MEANINGS
2. A company policy where employees pay part of a cost, like travel or insurance.
The firm's expense-sharing plan means staff cover a portion of their travel.
3. An arrangement among friends to divide the total bill equally after a meal or trip.
After the road trip, they did some quick expense-sharing to settle up.
4. A cost-allocation method in which partners or groups divide joint costs by agreed shares.
The two departments set up expense-sharing for the shared office space.