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Timesharepoints systems are much like frequent flier miles. Each year you're allotted a number of points to be used for accomodations at your resort. More points translate larger accommodations and better trading power. For example, a low season studio unit may take 100 points to reserve a unit, but a high season two bedroom unit may require 300 points. Most systems will allow you to borrow from future years or to carry over unused points to the next year.