Terms Used In Vermont Statutes > Title 8 > Chapter 79 > Subchapter 3 - Check Cashing and Currency Exchange

• Authorized delegate: means a person located in this State that a licensee designates to provide money services on behalf of the licensee. See
• Check cashing: means receiving at least $500. See
• Contract: A legal written agreement that becomes binding when signed.
• Currency exchange: means receipt of revenues equal to or greater than five percent of total revenues from the exchange of money of one government for money of another government. See
• Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Money: means a medium of exchange that is authorized or adopted by the United States or a foreign government. See
• Payment instrument: means a check, draft, money order, traveler's check, or other instrument for the transmission or payment of money or monetary value, whether or not negotiable. See
• person: as used in this chapter , shall include corporations, companies, societies, and associations. See
• Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
• State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
• Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See