Concurrent Ownership: Ownership by two or more persons at the same time, such as joint tenants, tenants by the entirety, tenants in common or community property owners.

 

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Concurrent Ownership: Ownership by two or more persons at the same time, such as joint tenants, tenants by the entirety, tenants in common or community property owners.

Holiday Ownership: Synonymous with vacation ownership, another term for timeshare.

Fractional Ownership: Timeshare ownership of two or more weeks at the same resort during a calendar year. Generally defined as ownership in intervals of more than one week and less than whole ownership. 'Fraction . . . View Full Definition

Farm Ownership (FO) Loans: Subtitle A of the Consolidated Farm and Rural Development Act, as amended, authorizes the Farm Service Agency (formerly fmha) to make direct and guaranteed farm ownership loans to eligible f . . . View Full Definition

Ownership: Rights to the use, enjoyment, and alienation of property, to the exclusion of others. Concerning real property, absolute rights are rare, being restricted by zoning laws, restrictions, liens, etc.

Total Cost Of Ownership (TCO): The real amount an asset will cost. Example: An accounting application retails at $1000. Support - which is mandatory, costs a further $200 per annum. Assuming the software will be in use fo . . . View Full Definition

Vacation Ownership: Synonymous with 'timeshare'

Unity Of Ownership: The four unities that are traditionally needed to create a joint tenancy-unity of title, time, interest and possession.

Employee Stock Ownership Plan (ESOP): An ESOP is a trust to which a company contributes shares of newly issued stock, shares the company has held in reserve, or the cash to buy shares on the open market. The shares go into indiv . . . View Full Definition

Public Ownership: The portion of a company's stock that is held by the public.