Guaranteed Reservation

Business, Legal & Accounting Glossary

Definition: Guaranteed Reservation


Quick Summary of Guaranteed Reservation


A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don’t show up and haven’t cancelled your reservation, you will be billed for one night in the room or one day’s use of the vehicle.




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/guaranteed-reservation/
Modern Language Association (MLA):
Guaranteed Reservation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 18, 2021 https://payrollheaven.com/define/guaranteed-reservation/.
Chicago Manual of Style (CMS):
Guaranteed Reservation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/guaranteed-reservation/ (accessed: September 18, 2021).
American Psychological Association (APA):
Guaranteed Reservation. PayrollHeaven.com. Retrieved September 18, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/guaranteed-reservation/

Definition Sources


Definitions for Guaranteed Reservation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 1 Views.