Terms Used In Oregon Statutes > Chapter 462 > Licensing of Race Meets, Participants and Personnel; Betting and Bookmaking Regulations

• Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
• Breaks: means the odd cents remaining after the payoff prices have been computed in accordance with ORS § 462. See Oregon Statutes 462.010
• Calendar year: means a 12-month year, January 1 through December 31. See Oregon Statutes 462.010
• City: includes any incorporated village or town. See Oregon Statutes 174.100
• Commission: means the Oregon Racing Commission. See Oregon Statutes 462.010
• Continuous race meet: includes any exhibition of animal racing continuously at the same race course by two or more licensees where the mutuel system is used in conjunction with any race. See Oregon Statutes 462.010
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Drug: means any narcotic, sedative, anesthetic, analgesic, drug or other medication of any kind or description intended for use in any manner, directly or indirectly, internally or externally, in the diagnosis, treatment, mitigation or cure of injury or disease or for use in the prevention of disease that could affect, in any manner, the racing condition or performance of an animal as a depressant, stimulant, local anesthetic, analgesic, sedative or otherwise. See Oregon Statutes 462.010
• Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. ^{Source: OCC}
• 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.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Fiscal year: means a 12-month year, as described in ORS § 293. See Oregon Statutes 462.010
• Gross mutuel wagering: means all mutuel wagering that is made in person:

  (a) At the race course of a race meet licensee;

  (b) At an off-race course mutuel wagering location approved by the commission; or

  (c) Through account wagering authorized under ORS § 462. See Oregon Statutes 462.010

• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• 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.
• Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
• Mutuel: means a system whereby:

  (a) Wagers with respect to the outcome of a race are placed with a wagering pool in which the participants are not wagering against the operator; and

  (b) The operator distributes to one or more winning participants the total amount in the wagering pool, less amounts deducted by the operator as approved by the commission. See Oregon Statutes 462.010

• 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.
• 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.
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
• Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
• Public training track: means any race course or other facility that is available or open to the public for use in the training or schooling of racing animals. See Oregon Statutes 462.010
• Race: includes races conducted without wagering, provided one or more races in the meet are conducted with wagering. See Oregon Statutes 462.010
• Race course: means all the premises used in connection with the conduct of a race meet, including but not limited to, the race track, grandstands, paddock, stables, kennels and all other buildings and grounds adjacent to or appurtenant to the physical limits of the race track. See Oregon Statutes 462.010
• Race meet: means any exhibition of animal racing where the mutuel system is used in conjunction with any race. See Oregon Statutes 462.010
• State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
• Statute: A law passed by a legislature.
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100