Terms Used In Virginia Code > Title 8.9A > Part 2 > Part 2 - Rights and Duties

• Chief: means the Chief of the Division of Mines of the Department of Energy. See Virginia Code 45.2-100
• Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
• Includes: means includes, but not limited to. See Virginia Code 1-218
• 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.
• 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}
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.