Terms Used In Arizona Laws > Title 15 > Chapter 13 > Article 8 - Compact for Western Regional Cooperation in Higher Education

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Board: means the Arizona board of regents or its successor. See Arizona Laws 15-1741
• Commission: means the western interstate commission for higher education. See Arizona Laws 15-1741
• Compact: means the compact for western regional cooperation in higher education. See Arizona Laws 15-1741
• Contract: A legal written agreement that becomes binding when signed.
• Course: means organized subject matter in which instruction is offered within a given period of time and for which credit toward promotion, graduation or certification is usually given. See Arizona Laws 15-101
• Course of study: means a list of required and optional subjects to be taught in the schools. See Arizona Laws 15-101
• Current year: means the fiscal year in which a school district is operating. See Arizona Laws 15-901
• Dependent: A person dependent for support upon another.
• 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 the year beginning July 1 and ending June 30. See Arizona Laws 15-101
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
• 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.
• Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
• Quorum: The number of legislators that must be present to do business.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Subject: means a division or field of organized knowledge, such as English or mathematics, or a selection from an organized body of knowledge for a course or teaching unit, such as the English novel or elementary algebra. See Arizona Laws 15-101
• United States: includes the District of Columbia and the territories. See Arizona Laws 1-215