encyclopedia

TIC

True Interest Cost. The interest cost of debt to borrowers based on the interest rate, compounded semi-annually, that is necessary to discount cash payments of interest and principal to the purchase price of the bonds received. Similar to the Annualized…

TICKET

1. A printed card or piece of paper that gives a person a specific right to ride on a train or transit vehicle. 2. To provide a ticket or tickets. (TRB)

TICKET VENDING MACHINE (TVM)

TVMs are located at the entrances to rail stations for purchase of tickets.