Terms Used In Vermont Statutes > Title 16 > Chapter 127 > Subchapter 1 - Investment

• Approved independent school: means an independent school that is approved under section 166 of this title. See
• Electorate: means the qualified voters in a school district voting at a properly warned school district meeting. See
• 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}
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Independent school: means a school other than a public school, which provides a program of elementary or secondary education, or both. See
• School district: means town school districts, union school districts, interstate school districts, city school districts, unified union districts, and incorporated school districts, each of which is governed by a publicly elected board. See