USEFUL TERMS GLOSSARY

OWNERSHIP

BENEFITS & USAGE

 

Useful Terms And What They Mean To You...

Reservation Window: This is the window you have for booking a vacation.

 

Travel Demand Index (TDI): This is an index derived by the Capital Preferred Exchange Network (CPEN) to explain the buying power of your Capital Points in terms of vacation exchanges through exchange companies.

 

Pending Request List: If you want to go to a Capital Resorts destination or a CPEN destination that currently has no availability, your Vacation Specialist will put your request into the Reservation System and if an opening occurs, you will be confirmed. For CPEN destinations, you will be charged an exchange fee when the request is submitted, but if it is not fulfilled the fee will be refunded and your Capital Points credited. The request will remain in place until 48 hours prior to the requested check-in date.

 

Exchange Fee: This is the fee you’ll pay when you wish to exchange through our CPEN, or destinations outside of the Capital Resorts destinations.

 

Guest Certificate: You can allow guests to use your Capital Points for a stay within Capital Resorts or through our CPEN.

 

Borrowing Capital Points: Allows you to borrow your Capital Points from the next Use Year. Read more...

 

Day Use: Day use priveleges are available at participating resorts. Certain restrictions and blackout dates apply. Advance notice is required.

Renting Capital Points: You can rent additional Capital Points each year as needed. Read more...

 

Banking Capital Points: Banking allows you to save unused Capital Points from one Use Year to the next. Read more...

 

Capital Resorts Ownership Levels: Capital Points may be aggregated to achieve each of these Ownership Levels.*

  • Capital Basic: 1 to 299,999 Capital Points
  • Capital Bronze: 300,000 to 499,999 Capital Points
  • Capital Silver: 500,000 to 749,999 Capital Points
  • Capital Gold: 750,000 to 999,999 Capital Points
  • Capital Platinum: 1,000,000 or more Capital Points

 

Use Year: Your Use Year begins the first day of the month following your purchase date.

 

Maintenance Fees: Cost to operate and maintain Capital Resorts accommodations and amenities available to owners at various resort properties. Fees will be invoiced annually around October of each calendar year.

 

Club Dues: Cost of operating and administrating the Capital Resorts Club, i.e., inventory management, reservations, accounting, etc. Club Dues are invoiced annually, approximately at the beginning of your Use Year.

 

* Only Capital Points allocated to vacation interests acquired from Capital Resorts count toward ownership level.

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THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF  A VACATION OWNERSHIP PLAN.

THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIMESHARE INTEREST.