Section R. 432.1102 - Definitions; D to FRule 102.
As used in these rules:
(a) "Debt instrument" means any of the following:(v) Deed, when committed in any form as collateral.(xiv) Other form of indebtedness.(b) "Debt transaction" means a transaction in which a person that has applied for or holds a casino license or holding company or affiliate that has control of the applicant or holder of the casino license, acquires debt, including, but not limited to, bank financing, private debt offerings, or any other transaction that results in a change of encumbrance of more than 1% in capitalization or debt-to-equity ratio of the licensee, applicant, holding company, or affiliate of the applicant or holder of the casino license.(c) "Dependent" means any individual who received over 1/2 of his or her support in a calendar year from any other individual.(d) "Drop" means the total amount of EGD drop and table drop.(e) "Drop box" means the box attached to a live gaming device table or electronic gaming device that may be used to collect, items including, but not limited to, any of the following: (vi) Documents verifying the extension of credit.(vii) Request for fill and credit forms.(viii) Fill and credit slips.(ix) Error notification slips.(x) Table inventory forms.(xi) All other forms used by the casino licensee and deposited in the drop box as part of the audit trail.(f) "Drop meter" means an electronic or mechanical device or devices, or both, that automatically and continuously count the number of dropped electronic gaming device credits.(g) "EGD drop" means the total value of currency and tickets collected from the drop box. If a patron is utilizing an electronic card, then the drop includes the amount transferred to an EGD.(h) "EGD win" means the EGD drop minus hand-paid jackpots, tickets issued, and electronic credits transferred from an EGD.(i) "Electronic card" means a card purchased from, or provided by, a casino licensee for use at the licensee's casino as a substitute for currency for the conduct of gaming.(j)"Electronic credit" means a value owed to a patron on an electronic gaming device.(k) "Electronic gaming device" or "EGD" means an electromechanical device, or electrical device or machine which, upon payment of consideration, is available to play or operate as a gambling game. The operation of the device or machine, whether by reason of the skill of the operator or application of the element of chance, or both, may deliver or entitle the person playing or operating the device to receive any of the following, whether the payoff is made automatically from the machines or in any other manner:(iv) Redeemable game credits.(v) Anything of value other than unredeemable free games.(l) "EPROM" means erasable, programmable, read only memory.(m) "Excluded person" means a person whose name appears on an exclusion list.(n) "Exclusion list" means a list or lists that contain identities of persons who are to be excluded or ejected from any gambling operation in any jurisdiction.(o) "Felony" means a violation of a penal law of this state for which the offender, upon conviction, may be punished by imprisonment for more than 1 year, or an offense expressly designated by law to be a felony. Convictions under federal law or the law of states other than this state are to be considered felony convictions if the offense was punishable by death or by more than 1 year of incarceration or, when the statutory penalty is not available, if the crime was designated as a felony in the convicting jurisdiction at the time of the prior conviction.(p) "Financial statement" means any of the following:(iii) Profit and loss statement.(iv) Statement of cash flow.(v) Sources and uses of funds statement.(q) "Front money" means a deposit of value made by a patron at the cage.Mich. Admin. Code R. 432.1102
1998-2000 AACS; 2019 MR 9, Eff. 5/17/2019