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copay

[koh-pey] /ˈkoʊˌpeɪ/
noun
1.
a small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription.
Also called copayment, [koh-pey-muh nt] /ˈkoʊˌpeɪ mənt/ (Show IPA).
Origin
1970-75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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