Banking: Generally, when dealing with a timeshare exchange company, a timeshare owner has the option to reserve unused weeks for use at a later time. These may also be exchanged for different weeks at other locations.

 

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Banking: Generally, when dealing with a timeshare exchange company, a timeshare owner has the option to reserve unused weeks for use at a later time. These may also be exchanged for different weeks a . . . View Full Definition

Space Banking: Space banking occurs when a timeshare owner deposits a timeshare week into an exchange company's 'bank'. In the timeshare industry, 'Space banking' is synonymous with 'banking'.

Block Banking: Banking a large amount of timeshare weeks with an exchange company as soon as possible.

Bulk Banking: Banking a large amount of timeshare weeks with an exchange company as soon as possible.

Riegle-Neal Interstate Banking And Branching Efficiency Act Of 1994: Law permitting interstate banking in the U.S.

Dual Banking: See days sales outstanding.

Foreign Banking Market: Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

Wholesale Mortgage Banking: A term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or more lenders.

International Banking Facility (IBF): A branch that an American bank establishes in the United States to do Eurocurrency business.

House Poor: An investment banking firm whose business it is to underwrite stock or bond issues and offer the securities to the public.