Life Style / Time Shares / 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. 'Fractionals' are a fast-growing segment of the timeshare industry. As it is substantially more expensive to buy larger blocks of time, fractionals usually tend to be higher-end luxury properties. The concept of fractional ownership can also extend to other luxury properties such as boats and aircraft.
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Lifestyle / Time Shares / Holiday Ownership: Synonymous with vacation ownership, another term for timeshare. MORE
Technology / Motors / Fractional-Horsepower Motor: A motor usually built in a frame smaller than that having a continuous rating of one horsepower, open construction, at 1700 -1800 rpm. Within NEMA frame sizes FHP encompasses the 42, 48 and 56 frames. MORE
Business / Finance / Fractional Share: A type of order that gives the broker discretion to alter the price, up or down, within a specific fractional range in order to guarantee an execution. MORE