RCI EV Issue 8 Spring Summer 2013
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MEMBER EDUCATION<br />
Timeshare<br />
Timeshare is a form of holiday ownership. You own the<br />
right (either directly or through a “club”) to use a week (or<br />
longer) in resort accommodation for a set period of time.<br />
Cutting Through<br />
the Jargon....<br />
Deposit<br />
Deposit your week with <strong>RCI</strong> to exchange for another week<br />
of comparable value.<br />
Also known as “holiday ownership”,<br />
“your week”, “shared ownership”<br />
Affilliated resort<br />
A resort which has been entered into a current business<br />
agreement with <strong>RCI</strong>.<br />
Also known as “bank”, “spacebank”<br />
Deposit window<br />
The 24-month period in which members<br />
may deposit their week(s).<br />
Also known as “reservation window”<br />
Also known as “partner”,<br />
“associate”, “resort”<br />
Developer<br />
The company owning the freehold of the resort; who<br />
construct the accommodation and leisure facilities. They<br />
may also employ a management company to run the resort.<br />
Holiday<br />
Exchange your week to go to another resort in another<br />
destination.<br />
Also known as “swap”, “vacation,<br />
“exchange”<br />
Also known as “resort”, “affiliate”,<br />
“management company”<br />
Bonus Week<br />
Week long holidays at <strong>RCI</strong>-affiliated resorts which you book<br />
with cash.<br />
Also known as “extra holiday”,<br />
“cash booking”, “rental”<br />
40 SPRING/SUMMER <strong>2013</strong>
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