Reservations Without Deposit or Guarantee (Non-Guaranteed Reservations) Are Sometimes Referred

True/False

Reservations without deposit or guarantee (non-guaranteed reservations) are sometimes referred to as 4pm- or 6pm-hold reservations. That is because by 4pm or 6pm (or whatever other time might be hotel policy-like possibly noon for a resort property), the hotel has the right to cancel the reservation if the guest has not yet arrived.