A booking where the guest has made a reservation but has not yet completed the booking process, such as providing payment information.
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Glossary Term: Payment
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A policy outlining the consequences for guests who book a short-term rental but do not show up, typically involving partial or full payment forfeiture.
The maximum amount of money a credit card company allows a cardholder to borrow, which can impact a guest’s ability to book a short-term rental.