68 IAC 1-1-13

68 IAC 1-1-13 "Cash equivalent" defined

Last amended: 2025Year: 2027Length: 103 wordsOfficial source

Cite as Ind. Admin. Code tit. 68, r. 1-1-13

Sec. 13. "Cash equivalent" means an asset that is readily convertible to cash, including the following: (1) Traveler's checks. (2) Certified checks, cashier's checks, and money orders. (3) Personal checks. (4) Credit extended by the casino licensee or by a recognized credit card company. (5) Any other instrument that the commission deems a cash equivalent. Other than recognized credit cards or credit extended by the casino licensee, all instruments that constitute a cash equivalent must be made payable to the casino licensee, bearer, or cash. If an instrument is made payable to a third party, it shall not be deemed a cash equivalent.