/ ˌkɒndəˈmɪniəm; NAmE ˌkɑːn-/ (also informal condo ) noun
( especially NAmE ) an apartment building in which each flat / apartment is owned by the person living in it but the building and shared areas are owned by everyone together; a flat / apartment in such a building
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WORD ORIGIN
early 18th cent.: modern Latin , from con- together with + dominium right of ownership, from dominus lord, master. The current sense dates from the 1960s.