reservation policy
noun phraseUK /ˌrezəˈveɪʃən ˈpɒləsi/
US /ˌrezərˈveɪʃən ˈpɑːləsi/
A set of rules that tells people how to book and keep a place, like a seat or a room, ahead of time.
The hotel's reservation policy says you must cancel two days before your stay.
OTHER MEANINGS
2. The rules a restaurant uses for holding tables for customers who call ahead.
The restaurant's reservation policy allows tables to be held for only fifteen minutes.
3. A government rule that sets aside land for a special group of people.
The tribe fought for years to change the reservation policy that limited their land.
4. A company's rules about how far in advance tickets or rooms can be booked.
Under the new reservation policy, you can book train tickets up to three months early.