Terms Used In Delaware Code > Title 29 > Chapter 94 - Real Property Disposition

• 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
• 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
• 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
• 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.
• Deed: The legal instrument used to transfer title in real property from one person to 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}
• 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
• 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
• 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.
• 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.
• 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: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: is synonymous with the phrase "lands, tenements and hereditaments. See Delaware Code Title 1 Sec. 302
• registrant: means an operator that is registered by the Director. See Delaware Code Title 29 Sec. 4862
• United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302