Charge A charge held over general assets of a company. The assets may change (such as stock) and the company can use the assets without the consent of the secured creditor until the charge "crystallises" (becomes fixed). Crystallisation occurs on the appointment of an administrative receiver, on the presentation of a winding-up petition or as otherwise provided for in the document creating the charge.
Time period determined by a season (High, Medium, or Low) and not considered a fixed week period. A floating week based on fixed rotation is the rotation of specific weeks among owners from year to year on a fixed schedule. Usually seen in fractional ownership interests and private residence clubs. A floating week based on ownership rotation is when an owner purchases week(s) and works out the vacation time with the other owners on a rotating basis each year.
Your timeshare week is not fixed. You reserve your time period within the appropriate season every year. Most resorts have a High, Medium, and Low Seasons. If you own a floating unit at a resort you may not in the same physical unit each year. Interval owners may request a specific unit and, if it is available for that specific week, the resort normally will honor there request. Floating week are based on a fixed rotation! This a type of timeshare ownership is when specific weeks rotate amongs owners from year to year on a fixed schedule. This is common with fractional ownership! Floating week based on ownership rotation - a type of ownership in which the owner purchases week(s) and works out the appropriate vacation time with the other owners on a rotating basis each year. Floating Week or Time (aka "flex" time): The owner of a floating week has the option to schedule their vacation interval every year around the week the choose based on availablity. A resort will often accept requests for specific weeks by the timeshare owner as soon as there yearly maintenance fees are paid.