Depending on the company, the plane may be split into 16ths or even 32nds of a fractional share.

Indigo also is marketing its service to the growing number of companies that own fractional shares in corporate jets.

Ritz-Carlton was selling fractional shares of its 54 residences next door.

A fractional share gives the owners certain privileges, such as a number of days or weeks when they can use the property.

Cash will be paid in lieu of fractional shares.

"I want to be, but it's still cost effective" to have a fractional share in a private jet.

Investors will sometimes receive cash payments in lieu of fractional shares.

Mutual funds, by contrast, allow dividends to be reinvested in fractional shares, and the service is generally free.

Shareholders also received a cash payment in lieu of any fractional shares.

In reality, fractional shares usually cannot be bought or sold, and some assets have minimum orders sizes.