Your booked fare is the cruise fare recorded on your booking: the price for your cabin category, under your fare type, for the number of guests in the cabin. It is the figure every price drop is measured against.
It is not the same as what you have paid so far, which may be only the deposit. It is also not the total on your invoice, which adds taxes, fees and port expenses, and any extras like drinks packages or prepaid gratuities. A price drop is the gap between your booked fare and the fare the line is selling the same cabin for today.
"The same cabin" has a specific meaning. Royal Caribbean, Celebrity and Carnival compare your booked fare with a current fare for the same ship, sail date and cabin category. Carnival also requires the same number of guests and a rate you are eligible for. Celebrity limits non-refundable deposit bookings to the same fare type. A cheaper fare that differs on any of these is not a like-for-like comparison, which is why your fare code and stateroom category matter as much as the price.
The booked fare appears on your booking confirmation or invoice. It is the number CruiseSignal compares every day when it watches a sailing for you, and the one to quote when you or your agent ask the line for a price match.
