Condominium Meaning is mostly related to Buildings which houses many small apartments. It's is Phonetically Pronounced as: \/\u02cck\u0252nd\u0259\u02c8m\u026an\u026a\u0259m\/ Condominium has two meanings in Dictionary which refers to: noun \t NORTH AMERICAN a building or complex of buildings containing a number of individually owned apartments or houses. \t the joint control of a state's affairs by other states. Condominium is often shortened as\u00a0Condo\u00a0in USA and Canadian Provinces. According to Wikipedia, it is defined as\u00a0a type of\u00a0living space\u00a0which is similar to an\u00a0apartment but which is independently sellable and therefore regarded as\u00a0real estate. It is where the condominium\u00a0building structure\u00a0is divided into several units that are each separately owned, surrounded by\u00a0common areas\u00a0that are jointly owned. Origin of Condominium Condominium is a Latin word formed from two words;\u00a0 prefix\u00a0con-\u00a0("together") to the word\u00a0dominium\u00a0("domain, property, ownership"). This is simply called "Shared Property" in English. Condominia is the Plural of Condominium in Latin which can be referred as\u00a0territories over which two or more sovereign powers shared joint dominion. According to Wikipedia,\u00a0This technique was frequently used to settle border disputes when multiple claimants could not agree on how to partition the disputed territory. For example, from 1818 to 1846,\u00a0Oregon Country\u00a0was a condominium over which both the\u00a0United States\u00a0and\u00a0Great Britain shared joint sovereignty until the\u00a0Oregon Treaty\u00a0resolved the issue by splitting the territory along the 49th parallel and each country gaining sole sovereignty of one side.