Navigating the world of vacation ownership can often feel like learning an entirely new language. Whether you are exploring the secondary resale market, strategizing how to maximize your annual points, or simply trying to make sense of your maintenance fees, understanding the terminology is half the battle.
To help you make informed decisions and get the most out of your ownership, we’ve compiled this comprehensive, quick-reference glossary of essential industry terms.
- Abound Club Points
- Abstract of Title
- Accelerated Use
- Accrued Weeks
- Ad Valorem
- Affiliated Resort
- Amenities
- Anniversary Date
- Appraisal
- Auto-Banking
- Award Month
- Banked Points
- Banked Weeks
- Banking
- Banking Deadline
- Beneficial Interest
- Biennial
- Bonus Time
- Bonvoy Points
- Booking Window
- Borrowing
- Bronze Season
- Cancellation Policy
- Check-in Date
- Check-in Time
- Closing
- Closing Costs
- ClubPoints
- Club Season
- Community Property
- Concurrent
- Confirmed Reservation
- Confirm First
- Consecutive
- Cooling Off Period
- Day Use
- Deed
- Deeded Week
- Deed in Lieu of Foreclosure
- Deposit
- Deposit First
- Deposit Window
- Developer
- Disclosure Statement
- Enrolled Week
- Escrow
- Estoppel
- Even Year
- Exchange
- Exchange Fee
- Expiring Banked Points
- Expiring Banked Weeks
- Expiring Points
- Expiring Weeks
- Fee Simple
- Fixed Week
- Flex Change
- Floating Week
- Florida Club
- Fractional
- Gold Crown
- Gold Season
- Grantee
- Grantor
- Guest Certificate
- Hilton Club Priority
- HOA
- Holding Account
- Holding Account Points
- Home Owners Association
- Home Resort
- Home Resort Priority
- Home Resort Reservation Period
- Home Week Priority
- Internal Exchange
- Interval International
- Inventory Release Calendar
- Joint Tenancy
- Land Trust
- Legacy Week
- Lock-Off
- Maintenance Fee
- Maximum Occupancy
- Notary
- Odd Year
- On-going Search
- Open Season
- Owner Update
- Perpetuity
- Platinum Season
- Points Chart
- Points System
- Quitclaim Deed
- RCI
- Requalifying
- Resale Broker
- Rescission
- Reservation Window
- Right of First Refusal
- Right To Use
- Sales Presentation
- Season
- Secondary Market
- Shoulder Season
- Silver Season
- Special Assessment
- Split Stay
- Split Week
- Tenancy in Common
- Timeshare Calendar
- Timeshare Exit Company
- Timeshare Resales
- Title Insurance
- Title Search
- Trading Power
- Travel Demand Index
- Travel Insurance
- Trust Ownership
- Unit Size
- Upfront Fees
- Upgrade
- Usage
- Use Year
- View Type
- VOI
- Waitlist
- Warranty Deed
- Week 53
- Week Calendar
- Week Number
Timeshare Glossary
We hope this glossary serves as a valuable, ongoing resource as you manage and maximize your vacation ownership. The hospitality landscape is always evolving, and having a firm grasp on these foundational concepts is the best way to ensure you are leveraging your points and exchange networks effectively. Notice a term we missed? Feel free to fill out a contact form, and we’ll continue to keep this index updated!
