Jargon Buster
Reservation
- What does this mean?
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A transaction carried out in advance of an event or a performance whereby an individual secures the use of a particular seat or space at a particular time.
Depending upon the type of facility, event and transaction, reservations can be paid (i.e. all monies relating to them have been received), or unpaid (i.e. some or all of the money relating to them is still to be received).
