The following words and terms, when used in this subchapter, have the following meanings, unless the context indicates otherwise:

Fleet—A minimum of 25 taxicabs operated or owned by the same fleet owner.

Fleet owner—A sole proprietorship, corporation, partnership or limited liability company that owns or operates taxicabs and meets all of the following requirements:

1. (i) Controls a minimum of 25 taxicabs.
2. (ii) Has a single business location that is adequate for the storage, maintenance, repair and dispatch of the fleet taxicabs, and the storage and maintenance of record.

3. (iii) Operates with a dispatcher who assigns drivers to fleet taxicabs.

   Stand-by vehicle—A vehicle authorized by the TLD to provide temporary taxicab service and bearing a valid TLD issued inspection sticker in full compliance with TLD regulations. A stand-by vehicle is to be used only as a temporary replacement for a medallion taxicab that is temporarily out of service.