What defines a floating period in a timeshare?

A floating period in a timeshare refers to an unspecified time period chosen from available inventory. This means that owners do not have a fixed week each year but rather the flexibility to select their week based on availability within the designated time frame. This system allows for greater adaptability, enabling owners to book their vacation at different times each year depending on their schedule and the options available, thereby maximizing their experience.

In contrast, a specific week booked each year would indicate a fixed schedule, rather than the flexibility of a floating period. A permanent assignment to a fixed unit also indicates a lack of flexibility and would not fall under the definition of a floating period. Lastly, a single week that must be scheduled at checkout suggests a more rigid structure that doesn't align with the concept of floating time, where planning can be more spontaneous and based on current availability.