Ownership in a time period or a point system granting possession rights to a unit or occupancy rights at a property. The property may be owned either by a number of individuals on a fractional basis,...10/24/2016
DefinitionOwnership in a time period or a point system granting possession rights to a unit or occupancy rights at a property. The property may be owned either by a number of individuals on a fractional basis, or may be an interest in a corporation each with the right of possession for a specified time interval. Time-sharing is commonly applied to resort and vacation properties.
