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condominium
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   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.06 sec.

condominium

Joint rule of a territory by two or more states, for example, Kanton and Enderbury islands in the South Pacific Phoenix group (under the joint control of Britain and the USA for 50 years from 1939).

The term has also come into use in North America to describe a type of joint property ownership of, for example, apartment buildings.



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