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Definitions from the Web

Cost-sharing

Description:

Cost-sharing refers to the practice of dividing and distributing the expenses or financial burdens between multiple parties involved. It commonly occurs in various domains such as healthcare, insurance, businesses, and organizations.

Examples:

Noun:

1. The cost-sharing agreement between the two companies helped reduce production costs.
2. Under the cost-sharing program, employees are required to contribute a portion of their salary towards their healthcare benefits.
3. Cost-sharing among the shareholders allowed the construction of a new community center in the neighborhood.

Verb:

1. The company decided to cost-share its expenses with a strategic partner.
2. In order to make the project financially viable, the nonprofit organization cost-shared with other donors.

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