[shaird-uh-pree-shee-ey-shuh n] /ˈʃɛərd əˌpri ʃiˈeɪ ʃən/
a type of mortgage that carries a smaller down payment or lower interest rate than usual in return for the lender’s sharing in the appreciation of the property at some future date, as at the time of its sale.
- Shared care
noun 1. (social welfare) an arrangement between a welfare agency and a family with a dependent handicapped member, whereby the agency takes the handicapped person into a home for respite care or in emergencies
- Shared logic
noun 1. (computing) the sharing of a central processing unit and associated software among several terminals
- Shared ownership
noun 1. (in Britain) a form of house purchase whereby the purchaser buys a proportion of the dwelling, usually from a local authority or housing association, and rents the rest
noun 1. an interest-bearing checking account in a credit union. 2. a check written against this account.