condominium: Meaning and Definition of
Pronunciation: (kon"du-min'ē-um), [key]
- an apartment house, office building, or other multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of any common grounds, passageways, etc.
- a unit in such a building.
- joint sovereignty over a territory by several states.
- the territory itself.
- joint or concurrent dominion.
- condominium (Thesaurus)