Interval Ownership

Definition:   A system of time-share ownership in which the owner acquires title to specific property for a certain week (or weeks) of each year.

Pronunciation:   \ˈin-tər-vəl\ \ˈō-nər-ˌship\

Used in a Sentence:   Interval ownership is fee simple ownership and contains the same rights as any other property conveyed by deed.

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