1. the act or process of providing financial support jointly with one or more other parties or organizations
Usage: commonly used in business, development, and government contexts

Examples

• The bank arranged cofinancing with two other lenders to fund the large infrastructure project.
• International development agencies often use cofinancing to support projects in developing countries.
• The startup secured cofinancing from multiple venture capital firms.
• Cofinancing agreements require clear terms about each party's contribution and responsibilities.
• The government approved cofinancing between the public sector and private investors for the new highway.
• Many nonprofit organizations rely on cofinancing from foundations and corporate sponsors.