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English definition of “timeshare”

timeshare

noun     /ˈtaɪm.ʃeər/ US  /-ʃer/
[C] a holiday house or apartment that is owned by several different people who each use it for a particular period of the year : We've bought a timeshare in Spain. timeshare holiday / property / developments Mortgages and real estateRenting, hiring and hire purchase in general Renting propertyTourism and holidaysHotels and hostels [U] (also timesharing) the activity of owning and using a timeshareMortgages and real estateRenting, hiring and hire purchase in general Renting propertyTourism and holidaysHotels and hostels
(Definition of timeshare noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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