Louisiana Revised Statutes > Title 27 > Chapter 10 > Part I


§ 27:601	A. This Chapter shall be cited and referred to as the “Louisiana Sports Wagering Act”.
§ 27:602	For purposes of this Chapter, the following terms shall have the following meanings ascribed to them unless the context clearly indicates otherwise:
§ 27:603	A.(1) The board shall perform the duties and functions as authorized by this Chapter and shall possess authority, control, and jurisdiction and all power incidental and necessary the

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Contract: A legal written agreement that becomes binding when signed.
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
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.
Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
Lien: A claim against real or personal property in satisfaction of a debt.
Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
Writ: A formal written command, issued from the court, requiring the performance of a specific act.

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