Time Sharing

 

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Time Sharing

A concept of ownership increasing in popularity as real estate prices rise. The purchase of an undivided interest (usually in a resort area condominium) for a fixed or variable time period. For example: Fifty-two different purchasers buy one condominium: each agrees to possession for one week per year. Costs (taxes, insurance, maintenance, etc.) are shared equally. Possession may be fixed, or by reservation, by lease, license, etc. Some developers provide several projects in different parts of the world, so that a person owning one week in a project in Hawaii could elect to spend that week in a connected project in France or other area.



Time Sharing

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Revenue sharing

Revenue sharing

The percentage split between the general partner and limited partners of profits and losses resulting from the operation of the involved business.


Currency risk sharing

Currency risk sharing

An agreement by the parties to a transaction to share the currency risk associated with the transaction. The arrangement involves a customized hedge contract embedded in the underlying transaction.


Profit sharing plan

Profit sharing plan

An incentive system providing that employees share in company profits through a cash fund or a deferred plan used to buy stock or bonds.


Profit sharing scheme

Profit sharing scheme

A scheme where part of a company's profits are paid to employees as a reward for loyalty and contribution to the company's success. The reward may be given via cash, shares or a combination of both.




 
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