The amount of money an individual must pay as a portion of the charges for a particular service is called copayment.
What is copayment?
Copayment can be defined as the amount of money that must be paid by an individual to a service provider, as a portion of the charges for a specific service.
This ultimately implies that, the amount of money an individual must pay to a business firm or service provider, as a portion of the charges for a particular service is called copayment.
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