Life Style / Time Shares Glossary

Timeshare: The concept of purchasing an increment of time at a resort, condominium, apartment, or other facility, often with the option to exchange this time for time at a different location. What make . . . View Full Definition

Timeshare Developers: Companies that develop or acquire resort properties, and usually market and sell the timeshare inventory in those resorts to consumers. The developer entity may also act as the property mana . . . View Full Definition

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

Trustees: Trustees of a resort property exist primarily to provide a secure backing in case a resort developer does not succeed financially. In the timeshare world, trustees are a financial institutio . . . View Full Definition

Unit Size: Timeshares are usually described as condominium units, hotel-style units, studio units, or by the number of bedrooms. Sizes can range from studios to spacious four-bedroom units that sleep 1 . . . View Full Definition

Vacation Ownership: Synonymous with 'timeshare'

Week Fifty-Three: Once about every seven years, a year will have fifty-three weeks rather than fifty-two. The fifty-third week in a year is usually set aside for the exclusive use of the resort developer or a . . . View Full Definition

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