Rank | Abbreviation | Meaning |
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***** | BULK CONTRACT. | An agreement whereby an airline sells large blocks of seats at a discount for resale by a third party.
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***** | MANAGEMENT CONTRACT. | An arrangement whereby a hotel's owner contracts with a separate company to run the hotel.
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**** | CONTRACT. | A legal and enforceable agreement between two or more parties.
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*** | CLICK CONTRACT. | Sometimes called, “terms and conditions,” these are enforceable legal agreements that users of a web site agree to by clicking (thus the name) or checking a box affirming that they have read and a
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