« Back to Glossary Index« Back to Glossary Index
Categories: Economics & Finance
A hybrid form of ownership. A time share is the right to occupy a unit of real estate property, such as a condominium or vacation home, during a specified number of separate time periods. Each time period is for a certain duration, such as one or two weeks. Time-sharing allows multiple purchasers to buy interests in the same real estate.
(source: http://www.investopedia.com/terms/t/time-sharing.asp)
Synonyms:
time share
