New York Laws > Racing, Pari-Mutuel Wagering and Breeding Law > Article 11 – Interstate Compact On Licensure of Participants In Live Horse Racing With Pari-mutuel Wagering
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Terms Used In New York Laws > Racing, Pari-Mutuel Wagering and Breeding Law > Article 11 - Interstate Compact On Licensure of Participants In Live Horse Racing With Pari-mutuel Wagering
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Personal property: All property that is not real property.
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.