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What does time-share mean?

Looking for the meaning or definition of the word time-share? Here's what it means.

Noun
  1. A property jointly owned or leased by multiple people who are allowed to use it only during specified periods each year.
Verb
  1. (transitive) To own or lease (a property) by time-sharing.
  2. (computing) To use (a computer or communications band) by time-sharing.
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