noun
a form of ownership where two or more individuals jointly own a property or asset
adjective
describing the type of ownership where ownership is divided among multiple parties
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Shared ownership is a housing arrangement where two or more parties own a property together.
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My sister and I are considering shared ownership of a vacation home.
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Let's go in on shared ownership of that beach house.
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In a way, our shared ownership of the project's success brought us closer together as a team.