Any motor vehicle designed, constructed, and used for the commercial transportation of 15 or more passengers, including the driver.
A self-propelled rubber-tired vehicle that is not confined to a fixed guideway and is designed to transport a large number of persons, specifically to transport more than a limousine or van (i.e. at least 11 to 15 persons).
passenger motor vehicle or chassis having a seating capacity for more than 10 people.
A rubber-tired, self-propelled, manually-steered vehicle with fuel supply carried on board the vehicle. Types include advanced design, articulated, charter, circulator, double deck, express, feeder, intercity, medium-size, new look, sightseeing, small, standard-size, subscription, suburban, transit and van.
A transit mode comprised of passenger vehicles with rubber tires operating on selected routes and schedules over roadways. Vehicles are powered by diesel, gasoline, battery, electricity or alternative fuel engines contained within the vehicle.
iness Development Company (BDC) : A vehicle established by Congress to allow smaller, retail investors to participate in and benefit from investing in small private businesses as well as the revitalization of larger private companies. usiness Judgment Rule : The legal principle that assumes the board of directors is acting in the best interests of the shareholders unless it can be clearly established that it is not. If the board was found to violate the business judgment rule, it would be in violation of its fiduciary duties to the shareholders.