### Question
What does timeshare plan mean?


### Answer
**Timeshare plan** has the following meaning in *11 U.S.C. § 101*:

> and shall include that interest purchased in any arrangement, plan, scheme, or similar device, but not including exchange programs, whether by membership, agreement, tenancy in common, sale, lease, deed, rental agreement, license, right to use agreement, or by any other means, whereby a purchaser, in exchange for consideration, receives a right to use accommodations, facilities, or recreational sites, whether improved or unimproved, for a specific period of time less than a full year during any given year, but not necessarily for consecutive years, and which extends for a period of more than three years

#### Citation:
  - *11 U.S.C. § 101*
  - Heading: **CHAPTER 1-GENERAL PROVISIONS**

