timeshare

nounB2+Rare in speech; mostly a word you read · #12,568 of 15,258neutral

Other forms: timeshares

A timeshare is the right to use a holiday property for set weeks. Buy a timeshare, a timeshare in Spain, sell the timeshare.

They are famously hard to sell on and often carry annual fees that continue whether you go or not, which is why the resale market barely exists. The sales presentations became notorious enough that several countries legislated a cooling-off period.

Definitions of timeshare

1nountimeshareThe right to use a holiday property for set weeks.B2+
“They bought a timeshare in Spain and go there for the same two weeks every year.”

timeshare is a property right.

Where it comes from

Time plus share, from the 1960s property trade.

From time + share.

Etymology from Wiktionary, CC BY-SA

Practised in Hotel & Staying Away

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timeshare in the wild

A timeshare (sometimes called a vacation ownership or vacation club) is a property with a divided form of ownership or use rights.
Timeshare
The ownership of timeshare programs is varied, and has been changing over the decades.
Timeshare
Disney Vacation Development, LLC, operating as Disney Vacation Club (DVC), is a vacation timeshare program of The Walt Disney Company.
Disney Vacation Club
ILG, Inc. is an American timeshare company and a subsidiary of Marriott Vacations Worldwide.
ILG, Inc.
Interval is the second largest timeshare exchange company after RCI.
ILG, Inc.

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From Wikipedia, CC BY-SA 4.0. These sentences were written by other people about their own subjects; they are here to show the word at work, not as anybody’s opinion.

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