timeshare

Definition of "timeshare"
  1. A type of property agreement where different parties hold rights to use a property, often a vacation resort condo, for specific periods, typically less than a year
How to use "timeshare" in a sentence
  1. The family purchased a timeshare in Florida, allowing them to vacation there for two weeks every summer.
  2. Timeshare properties are popular in tourist-heavy locations, offering buyers cost-effective vacation lodging options.
  3. Under the terms of the timeshare agreement, he has rights to the beach condo for the entire month of December.

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