condominium

condominium definition - business

condominium

  1. A building comprised of multiple living units that are individually owned, while the building itself and the land on which it stands is owned in common.
  2. A unit that is individually owned in a multiunit structure.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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