Vacation Interest definition

Vacation Interest means the vacation certificate or stock certificate issued by and evidencing membership in a homeowner’s association of a Resort pursuant to which the owner thereof has a license or right-to-use a Timeshare Property at a Resort.
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Vacation Interest means the vacation certificate or stock certificate issued by and evidencing membership in a homeowner’s association of a Resort pursuant to which the owner thereof has a license or right-to-use one or more Units at a Resort.
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Vacation Interest means the certificate or other such indicia of ownership of a Timeshare Interest and membership in a homeowner’s association of a Resort or a Collection Association pursuant to which the owner thereof has a license or right-to-use one or more Units at such Resort or Resort Collection.
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Examples of Vacation Interest in a sentence

  • Vacation Interest cost of sales is included in the net changes in unsold Vacation Interests, net, as presented in the statements of cash flows.

  • We record Vacation Interest cost of sales using the relative sales value method in accordance with ASC 978, "Real-estate Time-Sharing Activities," which requires us to make significant estimates which are subject to significant uncertainty.

  • We record Vacation Interest cost of sales using the relative sales value method in accordance with ASC 978, which requires us to make significant estimates which are subject to significant uncertainty.

  • Much like depreciation or amortization, for us, Vacation Interest cost of sales is essentially a non-cash expense item.

  • The Company’s accrued interest on Vacation Interest notes receivable is accrued based on the contractual provisions of the loan documents, which is suspended at the earlier of (i) the customer’s account becoming over 90 days delinquent, or (ii) the completion of cancellation or foreclosure proceedings.

  • Vacation Interest cost of sales increased $0.4 million, or 2.9%, to $16.9 million for the third quarter of 2015 from $16.5 million for the third quarter of 2014.

  • Excluding these charges, advertising, sales and marketing expense as a percentage of Vacation Interest sales revenue decreased 0.9 percentage points to 50.5% from 51.4%.

  • This increase is primarily due to higher gross Vacation Interest sales and a higher percentage of financed sales; further, the increase is related to the change of certain portfolio statistics during the quarter.

  • As a result, guidance for Vacation Interest Cost of Sales (and as a result, pre-tax income) covers a wide range of outcomes.

  • The $27.3 million increase in Vacation Interest sales revenue was generated by sales growth on a same-store basis from 48 sales centers primarily attributable to an increase in our volume per guest ("VPG," which represents Vacation Interest sales revenue divided by the number of tours).


More Definitions of Vacation Interest

Vacation Interest means the possessory rights, occupancy rights or usage rights in accommodation and related facilities for a period of time during any given year, and which rights extend for any period prescribed or allowed by applicable law for establishing a timeshare plan.
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Vacation Interest means the possessory rights, occupancy rights or usage rights in accommodation and related facilities for a period of time during any given year, and which rights extend for any period prescribed or allowed by applicable law for establishing a timeshare plan. INDIVIDUAL MEMBERSHIP
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Vacation Interest means the ownership of or the tight to use a Unit and the amenities and facilities of a Vacation Ownership Resort for at least one week during any given year, but not necessarily consecutive years, and which extends for a period of at least three years.
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Vacation Interest means the ownership of or the right to use a unit and the amenities and facilities of a vacation ownership resort for at least one week during any given year, but not necessarily consecutive years, and which extends for a period of at least three years and which may be evidenced by points. Individual Membership
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Vacation Interest means (i) a timeshare fee estate in real property at any Vacation Ownership Resort and (ii) a Membership Interest in a Vacation Club which holds fee title or a long-term lease to the related Vacation Ownership Resort.
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Related to Vacation Interest

  • Vacation means annual vacation with pay.

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Simple interest means interest computed on the principal balance outstanding

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Insurable interest as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.