Section 68IAC1-1-13. "Cash equivalent" defined

Latest version.

"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. (Indiana Gaming Commission; 68 IAC 1-1-13; filed Nov 10, 1994, 11:00 a.m.: 18 IR 471; readopted filed Oct 15, 2001, 4:34 p.m.: 25 IR 898; readopted filed Sep 14, 2007, 1:40 p.m.: 20071003-IR-068070354RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; readopted filed Nov 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFA)

                    
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