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| Word |
Description |
| Timeshare |
A term used to describe the right and joint ownership of a resort property (e.g., a condominium) shared with others. Each “owner” owns a certain period of time and occupies a unit of accommodation on a regular basis for a number of years. Timeshare is sometimes referred to as “Vacation Exchange,” “Holiday Ownership,” “Multi Ownership” or “Group Ownership.”
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| Timeshare interval |
Period of use typically one week. |
| Trading power |
A term used for the value assigned to a member’s deposited vacation time and to the related exchange request. |
