- Computer Science A technique permitting many users simultaneous access to a central computer through remote terminals. (noun)
- Joint ownership or lease of vacation property by several people who take turns occupying the premises for fixed periods. (noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.