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Subsequent Event
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6 Months Ended | ||||
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Jun. 30, 2014
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| Subsequent Events [Abstract] | |||||
| Subsequent Event |
Securitization Term Transaction On July 16, 2014, the Company closed a series of term notes payable, Sierra Timeshare 2014-2 Receivables Funding LLC, with an initial principal amount of $350 million, which are secured by vacation ownership contract receivables and bear interest at a weighted average coupon rate of 2.12%. The advance rate for this transaction was 91%. |