Trading Power: The value assigned to an interval week when trading a timeshare property for a different week through a timeshare exchange company. Exchange is based heavily on supply and demand, but the features, amenities, location and reputation of the resorts and weeks in question also influence trading power. Consequently, a high demand week at a luxury resort could even be traded for two weeks at the same resort during off-season, or for two weeks at a lower-demand facility during the same peak season.

 

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Trading Power: The value assigned to an interval week when trading a timeshare property for a different week through a timeshare exchange company. Exchange is based heavily on supply and demand, but the fe . . . View Full Definition

Program Trading: Program trading is the purchase or sale of a basket, or group, of 15 or more stocks with the combined value of $1 million or more. In some cases, programmed trades are triggered automaticall . . . View Full Definition

Proprietary Trading: Principal trading in which firm seeks direct gain rather than commission dollars.

Prearranged Trading: Possibly fraudulent practice whereby commodities dealers carry out risk-free trades at predetermined prices to acquire tax advantages.