How to call when each of a group pays and shares expenses?












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Me and my friend are flatmates. I spend $100 for bills, he spends $60 for shared groceries. Every once in a while we balance out our expenses; in this case my friend gives me $20, or makes a $40 expense for something else we need.



How to call this small economic system, where shared expenses are made by more than one person from their own wallet, and everyone exchanges money to clear any debts?










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  • Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

    – A Lambent Eye
    2 days ago
















1















Me and my friend are flatmates. I spend $100 for bills, he spends $60 for shared groceries. Every once in a while we balance out our expenses; in this case my friend gives me $20, or makes a $40 expense for something else we need.



How to call this small economic system, where shared expenses are made by more than one person from their own wallet, and everyone exchanges money to clear any debts?










share|improve this question







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ris8_allo_zen0 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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  • Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

    – A Lambent Eye
    2 days ago














1












1








1








Me and my friend are flatmates. I spend $100 for bills, he spends $60 for shared groceries. Every once in a while we balance out our expenses; in this case my friend gives me $20, or makes a $40 expense for something else we need.



How to call this small economic system, where shared expenses are made by more than one person from their own wallet, and everyone exchanges money to clear any debts?










share|improve this question







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ris8_allo_zen0 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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Me and my friend are flatmates. I spend $100 for bills, he spends $60 for shared groceries. Every once in a while we balance out our expenses; in this case my friend gives me $20, or makes a $40 expense for something else we need.



How to call this small economic system, where shared expenses are made by more than one person from their own wallet, and everyone exchanges money to clear any debts?







terminology






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asked 2 days ago









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  • Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

    – A Lambent Eye
    2 days ago



















  • Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

    – A Lambent Eye
    2 days ago

















Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

– A Lambent Eye
2 days ago





Welcome to EL&U! It looks like your question might be a [single-word-request]. Should this be the case, please provide a sample sentence, e.g. "When I poke a jelly and it makes a wavy motion, it is ____.", to which the answer might be "wobble".

– A Lambent Eye
2 days ago










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My answer would be financial solidarity.



From Merriam-Webster:




unity (as of a group or class) that produces or is based on community of interests, objectives, and standards




A similar term can be found in solidary obligations (Wikipedia).






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    1 Answer
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    1 Answer
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    My answer would be financial solidarity.



    From Merriam-Webster:




    unity (as of a group or class) that produces or is based on community of interests, objectives, and standards




    A similar term can be found in solidary obligations (Wikipedia).






    share|improve this answer




























      0














      My answer would be financial solidarity.



      From Merriam-Webster:




      unity (as of a group or class) that produces or is based on community of interests, objectives, and standards




      A similar term can be found in solidary obligations (Wikipedia).






      share|improve this answer


























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        0







        My answer would be financial solidarity.



        From Merriam-Webster:




        unity (as of a group or class) that produces or is based on community of interests, objectives, and standards




        A similar term can be found in solidary obligations (Wikipedia).






        share|improve this answer













        My answer would be financial solidarity.



        From Merriam-Webster:




        unity (as of a group or class) that produces or is based on community of interests, objectives, and standards




        A similar term can be found in solidary obligations (Wikipedia).







        share|improve this answer












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        answered 2 days ago









        A Lambent EyeA Lambent Eye

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