Accelerated Use:  Accelerated use refers to a program that permits someone to use their purchased . . .
Accrued Weeks:  Any unused weeks from the previous year that have been banked and are available . . .
Ad Valorem:  A legal term which translates to 'according to value'. This refers to assessment . . .
Amenities:  Features such as swimming pools, tennis courts, laundry rooms and boat docks tha . . .
American Resort Development Association (ARDA):  Based in Washington, D.C., this is the f . . .
Anniversary Date:  The day on which earned points accumulate, once per year. This applies in the ca . . .
Appraisal:  For real estate, an estimation of the worth of a given property, expressed as ma . . .
Appreciation:  When real estate appreciates, it has accrued value. Rarely, however, do timeshar . . .
Banking:  Generally, when dealing with a timeshare exchange company, a timeshare owner has . . .
Biennial (EOY):  Usage of a timeshare week occurring every other year. Also referred to as EOY (e . . .
Block Banking:  Banking a large amount of timeshare weeks with an exchange company as soon as po . . .
Bonus Time:  Bonus time is use of a resort in addition to regular allocated time on a space a . . .
Bonus Weeks:  Often promoted by a timeshare developer, timeshare resort, or exchange company, . . .
Bulk Banking:  Banking a large amount of timeshare weeks with an exchange company as soon as po . . .
Closing Costs:  Expenses incurred during the sale closing process, or 'back end' of a transactio . . .
Club-Trust Membership:  Becoming more popular, this system of ti . . .
Constitution:  Legal documentation which describes and regulates the relationships between the . . .
Cooling-Off Period:  Also know as rescission, this term refers to the time period following the purch . . .
Credits:  Related to timeshare products or programs offered by some timeshare companies th . . .
Deeded Ownership:  A timeshare product that is evidenced by an actual deed to a specific property o . . .