Final answer:
The right to use a timeshare refers to the periodic usage rights of a property, rather than full ownership. It is akin to the concept of usufruct rights, where individuals can use but not own or sell the allocated property.
Step-by-step explanation:
The question asks for the definition of the right to use timeshare, also known as a timeshare use, within a business context. This concept refers to periodic usage rights to a property, often in a vacation context, where multiple parties hold rights to use the property for a set time each year. Unlike full ownership, timeshare use does not grant the holder the right to sell or own the property outright. Contractual rights based on property rights provide a legal framework for timeshare arrangements, ensuring users have recourse through the legal system in the event of disagreements or issues.
Similar to the concept of usufruct rights found in horticultural societies, timeshares allow individuals the right to use property without full ownership. In these societies, land assigned for use cannot be sold but can be loaned out or used based on social agreements, illustrating a foundational principle of timeshares—access to an asset for use without the liabilities or responsibilities of ownership.