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Coinsurance vs Consortium - What's the difference?

coinsurance | consortium |

As nouns the difference between coinsurance and consortium

is that coinsurance is the joint assumption of risk between the insurer and the insured party while consortium is an association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.

coinsurance

English

(wikipedia coinsurance)

Alternative forms

* co-insurance

Noun

  • (US) The joint assumption of risk between the insurer and the insured party.
  • (international) The joint assumption of risk between multiple insurers.

    • See also

    * coinsurer * copayment * deductible

    consortium

    English

    Noun

    (wikipedia consortium) (en-noun)
  • An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.
  • A similar arrangement among non-commercial institutions or organizations.
  • An association or society.
  • (legal) The right of a spouse to all the normal relationships with his or her mate.