A property ownership arrangement where multiple people buy the right to use a vacation home during specific periods each year.
A compound of 'time' + 'share,' created in the 1960s when vacation property developers invented this modern ownership model.
Timeshare is a distinctly modern word because it describes a distinctly modern problem—how to own vacation property in a fractional way. It became famous for aggressive sales tactics and is a great example of how business models change our language!
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