Time-share Definition

tīmshâr
time-share, time-shares, time-sharing
verb
To use (a computer) by time-sharing.
American Heritage
To occupy (a vacation property) by time-sharing.
American Heritage
To engage in time-sharing.
American Heritage
noun
Webster's New World

A property jointly owned or leased by multiple people who are allowed to use it only during specified periods each year.

Wiktionary
A property held in time sharing.
Webster's New World

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