time sharing

Definitions (3)
Popular Terms
1. General: Serial use of a facility, item, location, or property for two or more purposes or by two or more users.
2. Computing: Use of a computer's resources in a manner that several users access the system in a sequence but seem to be working simultaneously. Timesharing is common in larger (mini, mainframe, or clustered) systems since 1960s and accommodates hundreds or even thousands of users.
3. Real estate: Type of joint property ownership (see joint tenancy) often with equal (but not concurrent) right of possession exercisable at specified time intervals such as different days, weeks, or months.
Time sharing is common for resort or vacation properties where every joint owner pays a periodic fee to the owners' association or a property management firm for upkeep of the property.

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