timeshare plan
timeshare plan
Under Title 11 U.S.C. Section 101:
(53D) The term "timeshare plan" means and shall include that interest purchased in any arrangement, plan, scheme, or similar device, but not including exchange programs, whether by membership, agreement, tenancy in common, sale, lease, deed, rental agreement, license, right to use agreement, or by any other means, whereby a purchaser, in exchange for consideration, receives a right to use accommodations, facilities, or recreational sites, whether improved or unimproved, for a specific period of time less than a full year during any given year, but not necessarily for consecutive years, and which extends for a period of more than three years. A "timeshare interest" is that interest purchased in a timeshare plan which grants the purchaser the right to use and occupy accommodations, facilities, or recreational sites, whether improved or unimproved, pursuant to a timeshare plan.

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • List of King of the Hill episodes — This is a list of episodes of the Fox animated television series King of the Hill. The series was originally broadcast from January 12, 1997, to May 6, 2010. Contents 1 Seasons 2 Episodes 2.1 Season 1: 1997 …   Wikipedia

  • Legends Resort & Country Club — The Legends Resort Country Club, often called simply Legends, is a hotel located in on County Route 517 in Vernon Township in Sussex County, New Jersey. In the 1970s, Hugh Hefner built it as the Great Gorge Playboy Club. The Playboy Club was… …   Wikipedia

  • Asspen — Infobox Television episode Title = Asspen Series = South Park Caption = Tad challenges Stan Season = 6 Episode = 3 Airdate = March 13, 2002 Production = 603 Writer = Trey Parker Director = Trey Parker Guests = Episode list = List of South Park… …   Wikipedia

  • List of operating systems — Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap.Early, and historically important*CTSS (The Compatible Timeshare… …   Wikipedia

  • List of Statutory Instruments of the United Kingdom, 1992 — This is a complete list of all 1922 Statutory Instruments published in the United Kingdom in the year 1992. NOTOC 1 100* North Hull Housing Action Trust (Transfer of Property) Order 1992 S.I. 1992/1 * Merchant Shipping (Radio Installations)… …   Wikipedia

  • Список операционных систем — Это список известных операционных систем. Операционные системы могут быть классифицированы по базовой технологии (UNIX подобные, пост UNIX/потомки UΝΙΧ), типу лицензии (проприетарная или открытая), развивается ли в настоящее время (устаревшие или …   Википедия

  • ОC —       Служебный список статей, созданный для координации работ по развитию темы.   Данное предупреждение не устанавл …   Википедия

  • Операционные системы —       Служебный список статей, созданный для координации работ по развитию темы.   Данное предупреждение не устанавливается на информационные статьи списки и глоссари …   Википедия

  • Fractional ownership — In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing.… …   Wikipedia

  • ITV Digital — Ltd (formerly ONdigital Ltd) Former type Carlton Communications plc and Granada plc joint venture Industry Media Fate …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”