Definitions

1. noun

A type of shared property ownership, typically involving the purchase of a portion of a resort or other property, with the owner receiving a set period of time to use the property each year.

“My family owns a timeshare in Hawaii, where we spend two weeks every summer.”

2. verb

To share or divide the use of something, especially a property or facility, among multiple people or groups.

“The company decided to timeshare the conference room with the marketing team.”