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 locations. Exchanges are normally facilitated by an intermediary, which could be the timeshare company or a third party exchange company.

 

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.