A cancellation policy outlines the financial or point-based penalties an owner incurs if they cancel a booked vacation. In some points-based systems like Marriott Vacation Club, canceling within a certain timeframe, often 60 days or less prior to check-in, usually results in the returned points being placed in a restricted “Holding Account,” where they cannot be banked and must be used for last-minute bookings before the end of the year.
Cancellation Policy
« Back to Glossary Index
