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Does the phrase "timeshare" ring a bell, but you don't know what a timeshare is? Or possibly you have an unclear idea of what a timeshare is but desire some more extensive info on how a timeshare works. In basic terms, a timeshare is a resort system that allows owners to have an increment of time in which they can use for getaways every year. Let's begin with the basics: what is a timeshare? Likewise called "vacation ownership," a timeshare is a resort or holiday property divided into shared…