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English definition of “timeshare”

timeshare

noun [C or U] (also time-share, time share)     /ˈtaɪmˌʃeər/ PROPERTY
a house or apartment that is shared by two or more owners , each with the right to live in it at different times of the year , or the legal arrangement for sharing the property : They bought a timeshare in Tenerife for €20,000. The alternative to buying outright is some form of timeshare. a timeshare apartment / cottage / property a timeshare company / business / salesman
(Definition of timeshare noun from the Cambridge Business English Dictionary © Cambridge University Press)
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