fractional

Definition

Partial ownership or time-sharing of an expensive asset (real estate, jets, yachts) without the full price tag or commitment. For people who want the luxury experience but want to hedge their bets. It's basically 'I don't want to fully commit to this $20 million decision.'

Example Usage

He bought fractional ownership of a vacation home in Aspen, which meant he could use it for only 6 weeks per year for a mere $150,000.

Source: Common industry terminology

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