Terms Used In Delaware Code > Title 29 > Chapter 48 > Subchapter III - Interactive Fantasy Contests

• Appraisal: A determination of property value.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Authorized player: means an individual, who is not prohibited by this subchapter, that participates in an interactive fantasy sports contest offered by a registrant. See Delaware Code Title 29 Sec. 4862
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• contest: means an online simulated game of skill wherein 1 or more contestants compete against each other by using their knowledge and understanding of athletic events and athletes to select and manage rosters of players whose performance directly corresponds with the actual performance of competitors on sports teams and in sports contests. See Delaware Code Title 29 Sec. 4862
• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Dependent: A person dependent for support upon another.
• Director: means the Director of the Delaware Division of Gaming Enforcement. See Delaware Code Title 29 Sec. 4862
• Division: means the Delaware Division of Gaming Enforcement. See Delaware Code Title 29 Sec. 4862
• Entry fee: means cash or cash equivalent that is paid by an authorized player or an authorized Delaware player to a registrant to participate in an interactive fantasy sports contest offered by such registrant. See Delaware Code Title 29 Sec. 4862
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• High school sport or athletic event: means a sport or athletic event offered or sponsored by or played in connection with a public or private institution that offers education services at the secondary level. See Delaware Code Title 29 Sec. 4862
• Highly experienced player: means an authorized player who has done 1 of the following:

  a. See Delaware Code Title 29 Sec. 4862

• Horse racing event: means any sport or athletic event conducted in Delaware that is subject to the provisions of Chapters 100 and 101 of Title 3, or any sport or athletic event conducted outside of Delaware, which if conducted in Delaware would be subject to the provisions of Chapters 100 and 101 of Title 3. See Delaware Code Title 29 Sec. 4862
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Minor: means any person under the age of 18 years. See Delaware Code Title 29 Sec. 4862
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• operator: means any person or entity that offers any interactive fantasy sports contest to any player through any interactive fantasy sports platform. See Delaware Code Title 29 Sec. 4862
• Oversight: Committee review of the activities of a Federal agency or program.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Plaintiff: The person who files the complaint in a civil lawsuit.
• platform: means any online method by which access to an interactive fantasy sports contest is provided. See Delaware Code Title 29 Sec. 4862
• President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
• Prohibited sports event: means any collegiate sporting event that involves a Delaware college or university, or any high school sport or athletic event, or any horse racing event. See Delaware Code Title 29 Sec. 4862
• Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
• real property: is synonymous with the phrase "lands, tenements and hereditaments. See Delaware Code Title 1 Sec. 302
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• registrant: means an operator that is registered by the Director. See Delaware Code Title 29 Sec. 4862
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Sports event: shall mean any amateur or professional sport or athletic event, except a prohibited sports event. See Delaware Code Title 29 Sec. 4862
• State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
• United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
• Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302