Business and Personal Finance Dictionary

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• POINTS (TIME SHARE)
  
  A value system used in some time share properties and networks. Rather than purchase a particular quality level of accommodation or number of days, members will elect to buy points. They can then trade the points for various lengths or dates at various resorts, depending on demand and availability. Sometimes, point-based system properties can use either deeds or certificates of use. Point values have no real value outside the time share program. Exchange companies have their own points systems and will translate your points into their own value system if you make an exchange.
  
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