Related Words

Vacation Ownership: Synonymous with 'timeshare'

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

Vacation Buy-Back Plan: A program that allows an employee to sell back to the employer any unused vacation time balances.

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

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 Buying-Selling-Trading: A program that allows employees to buy additional vacation time from another employee or sell additional time they may have available to another employee. Some programs also allow for tradin . . . View Full Definition

Vacation Carryover: A policy allowing employees to transfer a portion of their current year vacation balances for use in the next year. The amount of time that can be carried over is based on the employer’s policy.

Vacation Reply: This is an email that is automatically sent out from your account whenever an email is received, to the sender of the email. This is also known as an autoresponder. Some systems allow you to . . . View Full Definition

Co-Ownership: Title ownership held by two or more persons.

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