A system of establishing the value of an interval week typically based upon season. For example a week 3 (Mid January) purchased at a New England beach resort would not hold the same value as a mid-summer week at the same resort due to the fact that the season in January is not conducive to vacationing on the beach. Time divisions are expressed as high time or red time meaning prime time, white time or medium time meaning medium desirability, or blue time or low time meaning the least desirable time. Some resorts such as Hawaiian resorts consider all weeks as prime time since their tropical climate permits pleasant vacations throughout the calendar year. Additionally, many resorts offer year-round activities, often referred to as four season resorts, in which the owner may participate in a variety of seasonal activities. Other factors that affect the interval week's desirability would be holidays and special local events.

Trading Power

The assessed value of an interval week when trading or exchanging for another week within the same resort or at a different resort. In some situations, the owner of a red week at an RCI Gold Crown resort can trade that week for two or more weeks at a resort of lessor distinction or for weeks in a lower time division. Supply and demand rules prevail in this type of exchange and the owners can greatly enhance their trading power with high demand weeks and resorts.

Trustees

A bank, trust company or a group of individuals who hold timeshare accommodation (and sometimes leisure facilities) 'in trust' on behalf of the owners and grant owners a 'right -to-use' through a licence ('Ownership Certificate'). Trustees provide security for owners in the event that a developer fails financially. Some trustees may have added responsibilities such as ensuring the continuity of the Owners Club.

Unit Size
Normally expressed as hotel unit, studio unit, and efficiency unit or by number of bedrooms. Hotel units, studio units, and efficiency units typically are a single room with sleeping accommodations and perhaps a small built in kitchen and sleep from two to four persons. One, two or three or more bedroom units are usually condominium style accommodations and feature a partial or full kitchen and other living areas.

VPG

Value per Guest (Also called the room- or personal- efficiency) -- This measures how efficiently a sales force is doing. You take the dollar volume of your sales and divide it by the total number of guests you toured, and it tells you your VPG. The higher the VPG, the better you are doing. For instance say that in a week's time you have 7 tours. You sell one of them a deal for $12,000. Divide 12,000 by 7 and you get 1,714.29. Your VPG is 1714. (Dollar volume divided by number of guests= VPG)

Week 53

Almost all Calendars contain only 52 weeks of use in a year - but roughly every seven years there is an extra week, week 53 which is generally reserved for the use of the Developer/Founder Member.

Week Number

see Calendar

White Week

See Season