Terms Used In Tennessee Code > Title 49 > Chapter 7 > Part 28 - Intercollegiate Athlete's Name, Image, or Likeness

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Athletic program: means an intercollegiate athletic program at an institution. See Tennessee Code 49-7-2801
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Fiduciary: A trustee, executor, or administrator.
• Institution: means a four-year public or private institution of higher education located in this state. See Tennessee Code 49-7-2801
• Intercollegiate athlete: means a student who is enrolled in an institution and participates in an athletic program. See Tennessee Code 49-7-2801
• Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
• Property: includes both personal and real property. See Tennessee Code 1-3-105
• Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
• State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105