Spreading the worth, risk, and ownership of a company or property or any asset out to more that one single person or entity. This apportioned ownership apportions gain and loss, as well as tax benefit or liability. This also reflects apportioned use and liability of a user or renter of an asset or property. When the asset is liquidated , apportioned ownership as an investor or user realize final profit or loss apportioned by percentage.
Black’s Law Online Dictionary
