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MEMBER EDUCATION
Cutting Through the Jargon....
We know how confusing some terms can be, that’s why we’ve included this guide to help it all make sense.
Timeshare
Timeshare is a form of holiday ownership. You own the right (either directly or through a “club”) to use a week (or longer) in resort accommodation for a set period of time.
Also known as “holiday ownership”, “your week”, “shared ownership”
Affilliated resort
A resort which has been entered into a current business agreement with RCI.
Also known as “partner”, “associate”, “resort”
Developer
The company owning the freehold of the resort; who construct the accommodation and leisure facilities. They may also employ a management company to run the resort.
Also known as “resort”, “affiliate”, “management company”
Deposit
Deposit your week with RCI to exchange for another week of comparable value.
Also known as “bank”, “spacebank”
Deposit window
The 24-month period in which members may deposit their week(s).
Also known as “reservation window”
Holiday
Exchange your week to go to another resort in another destination.
Also known as “swap”, “vacation, “exchange”
Bonus Week
Week long holidays at RCI-affiliated resorts which you book with cash.
Also known as “extra holiday”, “cash booking”, “rental”
34 AUGUST 2015