Super Glossary

Club-Trust Membership

Life Style / Time Shares / Club-Trust Membership

Club-Trust Membership: Becoming more popular, this system of timeshare ownership is most common in the UK. Members of a club have the privilege of using a resort's facilities year-round. Their right-to-use agreement is licensed by trustees, and membership is sometimes backed by a deed of ownership. The legality of deeded timeshare varies from country to country - for example it is legal in Spain, but illegal in the UK.

Related Words

Membership Or A Seat On The Exchange: A limited number of exchange positions that enable the holder to trade for the holder's own accounts and charge clients for the execution of trades for their accounts. Related: Member firm.

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