Specific percentage of the fee the patient is responsible for paying the provider of the medical service or supply; also called coinsurance.

1. Clause in a health insurance contract that requires the insured to pay a specific percentage in excess of the deductible of all eligible medical expenses. 2. Clause in property insurance agreement whereby the property owner is to carry insurance up to an amount established with the provisions of the policy. This is a stated percentage of the value of the property.

All those in a group contribute their input on what they want and why and how conflicts between different parties may be resolved to reach a final determination to a problem or project.

Any possession such as an automobile, furniture, stocks, or bonds that secures or guarantees the discharge of an obligation.
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UK: The security offered by a borrower for a loan. Life insurance policies that have acquired a surrender value are often acceptable as collateral security.

Transfer of some ownership rights in an insurance contract from one individual to another, sometimes for a temporary period. An insurance policy can be assigned as collateral for a loan, in which case all transferred rights revert to the assignor when the loan is repaid. Also called collateral loan. See absolute assignment or assignment.

Individuals made eligible for dependent insurance coverage for a group policy by expanding the definition of dependent (e.g., parents, grandparents, brothers, sisters, or others that depend on the insured for the main part of their financial support).

Legal doctrine under torts that if an injured person receives proceeds for the injuries, the payment should not be deducted from the health or disability insurance (collateral source).
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Rule of civil legal procedure which bars from evidence information on most other (collateral) source from which a plaintiff may be able to collect compensation for harm caused by the defendant’s wrongful conduct. The rule aims to require the defendant to pay the full cost of the defendant’s wrongdoing.