Dealers may “break the deck” at any time, but will do so especially if they think there is a card counter sitting at their table. Cage: Financial hub of a casino. It is usually in this tightly controlled environment that most of the large money transactions take place. A claim by a defendant opposing the claim of the plaintiff and seeking some relief from the plaintiff for the defendant. A counterclaim contains assertions that the defendant could have made by starting a lawsuit if the plaintiff had not already begun the action. The term “financial institution” has the meaning given the term in section 903 of the Electronic Fund Transfer Act, except that such term does not include a casino, sports book, or other business at or through which bets or wagers may be placed or received. The definition of a casino as a financial institution includes any branch office. Even though each separate casino license defines a casino as a financial institution for BSA purposes, some casinos may have branch offices to accept payments for debit and credit accounts. Counter, or device in the electronic surveillance system that.
Counterclaim
A claim by a defendant opposing the claim of the plaintiff and seeking some relief from the plaintiff for the defendant.
A counterclaim contains assertions that the defendant could have made by starting a lawsuit if the plaintiff had not already begun the action. It is governed by many of the same rules that regulate the claims made by a plaintiff except that it is a part of the answer that the defendant produces in response to the plaintiff's complaint. In general a counterclaim must contain facts sufficient to support the granting of relief to the defendant if the facts are proved to be true. These facts may refer to the same event that gave rise to the plaintiff's Cause of Action or they may refer to an entirely different claim that the defendant has against the plaintiff. Where there is more than one party on a side, a counterclaim may be made by any defendant against any plaintiff or plaintiffs.
According to the rules governing federal Civil Procedure, a defendant usually is required to make a counterclaim in an answer if the counterclaim arises from the same transaction or occurrence on which the plaintiff is suing. This is called a compulsory counterclaim because the claim must be made in response to the plaintiff's complaint and cannot be made later or in a separate lawsuit. There are also permissive counterclaims that may be made in the defendant's answer at a later time. A claim against the plaintiff that is based on an entirely different event is one kind of Permissive Counterclaim. For example, a man may sue a woman for money damages because of a minor injury and some property damage after their cars collided. Under the rules governing Pleading in most courts, the woman would be required to assert a demand for money damages for the same accident in her answer to the man's complaint or she would lose the right to sue on that claim. If the man also happens to be a neighbor who borrowed the woman's chain saw and never returned it, the woman could demand return of the saw as a counterclaim or she could wait and sue the man for that at some other time. She might decide to wait in order to sue in a different court or because she does not want to argue the different circumstances of both claims before the same jury.
A defendant usually cannot make a counter-claim if it is not possible to make the same claim by starting a lawsuit. For example, a lawsuit to collect on a claim cannot be started after the period of time allowed by a Statute of Limitations has run out. In certain situations, however, a defendant may assert an expired cause of action as a counterclaim. This procedure, allowed for reasons of fairness and justice, is called equitable recoupment. The court may reduce the plaintiff's money damages up to the amount of the defendant's counterclaim, but the defendant will not be allowed an affirmative recovery of money over and above the amount to which the plaintiff may be entitled.
Cross-references
Set-off.
A soft count is one process for counting banknotes in a casino or bank. The soft count rooms are usually among the most secure places due to the large amounts of cash that can be on hand at any one time.
Traditionally, a count room would be operated by at least three people. The first two people independently counted stacks of currency and recorded the results on a count card. The third person examined the two count cards to ensure that the first two people recorded the same amount. If there was a difference between the amounts recorded on the two count cards, the currency would be recounted. Some smaller volume cash businesses still operate a count room in this fashion.
The counting is currently done by accounting professionals called soft counters, usually using computerspreadsheets.
Casino Counter Definition Dictionary
Typically, a soft count room contains a large table upon which the currency to be counted is placed, known as the 'count table'. Count room personnel manually organize the currency so that it can be easily counted by hand or by a counting machine.
Most modern count rooms are equipped with high-speed computerized machines that perform the counting process. Typically, these machines are capable of counting between ten and twenty banknotes per second. After currency is prepared on the count table, it is transferred to the machine's operator, who inserts the prepared stacks into the machine. The machine authenticates each banknote, separates the counted banknotes according to denomination, and provides a printed or electronic report of the results.
The opposite of soft count is hard count in which coins and chips are counted.
Casino Counter Definition Economics
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