Related Words

Exchange: The process of trading intervals, credits or points at one resort for those at another resort, or in another unit at a home resort. This can allow owners to travel and vacation at various lo . . . View Full Definition

Regional Stock Exchanges: Organized national securities exchanges located outside of New York City and registered with the SEC They include: the Boston, Cincinnati, Intermountain (Salt Lake City-dormant, owned by COM . . . View Full Definition

Heat Exchanger: Heat exchange is the method by which the unwanted heat is removed from a system. A heat exchanger is a device by which energy (in the form of heat) is transferred from one fluid or gas to an . . . View Full Definition

Real Exchange Rates: Exchange rates that have been adjusted for the inflation differential between two countries.

Exchanger: The property owner seeking to defer capital gain tax by utilizing an IRS 1031 tax deferred exchange.

Exchange Period: The period during which the exchanger must acquire replacement property in the exchange. The exchange period starts on the date the exchanger transfers the first relinquished property and en . . . View Full Definition

Securities And Commodities Exchanges: Exchanges on which securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers.

Link Exchange: a reciprocal linking scheme often facilitated by a site devoted to directory pages. Link exchanges usually allow links to sites of low or no quality, and add no value themselves. Quality dir . . . View Full Definition

Delayed Exchange: A three way exchange in which the properties close at different times.

Principal Exchange-Rated-Linked Securities (PERLS): A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.