Washington Code 43.340.010 – Definitions
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
Terms Used In Washington Code 43.340.010
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) “Authority” means the tobacco settlement authority created in this chapter.
(2) “Board” means the governing board of the authority.
(3) “Bonds” means bonds, notes, and other obligations and financing arrangements issued or entered into by the authority under this chapter.
(4) “Master settlement agreement” means the national master settlement agreement and related documents entered into on November 23, 1998, by the state and the four principal United States tobacco product manufacturers, as amended and supplemented, for the settlement of litigation brought by the state against the tobacco product manufacturers.
(5) “Sales agreement” means any agreement authorized under this chapter in which the state provides for the sale to the authority of a portion of the payments required to be made by tobacco product manufacturers to the state and the state’s rights to receive such payments, pursuant to the master settlement agreement.
[ 2002 c 365 § 2.]