Definition of time-sharing in US English:
 time-sharing
nounˈtīmˌSHeriNGˈtaɪmˌʃɛrɪŋ
1The use of a property as a vacation home at specified times by several joint owners.
 Example sentencesExamples
-  Anyone considering fractional ownership should visit the web sites devoted to time-sharing.
 -  My encounter offers a lesson about other high-pressure sales such as time-sharing, multi-level marketing and some life insurance and bank products.
 
2The operation of a computer system by several users for different operations at the same time.
 Example sentencesExamples
-  It's a modern version of computer time-sharing.
 -  It is available with up to six fiber outputs for energy and time-sharing with a pulsed-on-demand operation.