Fractional ownership refers to a structure in which multiple individuals or entities own a share or a fraction of a high-value asset, such as a property, a plane, a boat, or a work of art. Each owner typically has the right to use the asset for a specified amount of time each year, proportional to their share of ownership.

Fractional ownership can provide cost savings and access to high-value assets that might otherwise be unaffordable for an individual owner. It can also allow owners to share the maintenance and operational costs of the asset.