That firm is fractional owner in an executive aircraft.
Financial and business terms. 2012.
Fractional ownership — In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing.… … Wikipedia
Fractional Jets — is a common term for fractional aircraft ownership. The first such program was launched in 1986 by NetJets, which continues to dominate the industry. Other providers include business jet operators CitationShares, Flexjet,… … Wikipedia
fractional — 1. adjective a) Pertaining to a fraction. b) Divided; fragmentary; incomplete. 2. noun a) An expression of a fractional number. In English, most ordinals double as … Wiktionary
fractional share — Unit of stock less than a full share. This term comes into use with a stock dividend in an instance for example where an owner of 75 shares receives a 10% stock dividend. That part or portion of a share of stock indicated on a right or warrant as … Black's law dictionary
fractional share — Unit of stock less than a full share. This term comes into use with a stock dividend in an instance for example where an owner of 75 shares receives a 10% stock dividend. That part or portion of a share of stock indicated on a right or warrant as … Black's law dictionary
Cayucos, California — Infobox Settlement official name = Cayucos, California other name = native name = nickname = settlement type = CDP motto = imagesize = image caption = flag size = image seal size = image shield = shield size = image blank emblem = blank emblem… … Wikipedia
Timeshare — A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. Timeshare properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each… … Wikipedia
NetJets — For the first commercially available web accelerator, see NetJet. NetJets IATA 1I ICAO EJA Callsign EXECJET … Wikipedia
Berkshire Hathaway — Infobox Company company name = Berkshire Hathaway Inc. company company type = Public (NYSE|BRKA, NYSE|BRKB) foundation = 1839 (as Valley Falls Company) founder = Warren Buffett location = area served = USA key people = Warren E. Buffett… … Wikipedia
Security (finance) — This article is about the negotiable instrument. For the legal right given to a creditor by a borrower, see Security interest. Securities Securities Bond … Wikipedia
