Fractional owner definition

Fractional owner means a person that owns or possesses at least a one-sixteenth interest in a program aircraft and has entered into the agreements described in division (KKK)(1)(e) of this section.
Sample 1Sample 2Sample 3
Fractional owner means the Owner vested with legal title to a Fractional Interest.
Sample 1Sample 2Sample 3
Fractional owner means the registered shareholder of a share in the Company that owns a section of the Katberg Hotel Sectional Scheme in terms of which shares have been sold under a Fractional Title Scheme entitling the purchasers to syndicated ownership.
Sample 1

Examples of Fractional owner in a sentence

  • Fractional owner The term "fractional owner" means any person owning any interest (including the entire interest) in a fractional program aircraft.

  • Fractional owner- ship financing makes real estate more accessible, lowers investment thresholds and makes more project data available to potential investors than they would normally in conventional methods.The concept of fractional ownership in real estate is not new.

Related to Fractional owner

  • Co-owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.