1. time-share - Noun
2. time-share - Verb
time-share (plural time-shares)
A property jointly owned or leased by multiple people who are allowed to use (or sublet) it only during specified periods each year.
(transitive) To own or lease (a property) by time-sharing.
(transitive, computing) To use (a computer or communications band) by time-sharing.
Source: en.wiktionary.org