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Medallions & ownership

Guides, questions, violation and charge codes, taxi zones, tolls, vehicles, data and tools — in one search.

17 results in Glossary

  1. GlossaryAccessible Medallion (Wheelchair-Only Taxi Class)An accessible medallion is a restricted NYC taxi medallion valid only with a wheelchair accessible taxi. The rule, what changed in 2024, and an example./glossary/accessible-medallion Medallions
  2. GlossaryAlternative-Fuel Medallion (Alt-Fuel Taxi Class)An alternative-fuel medallion is a restricted NYC taxi medallion for hybrid or natural-gas accessible taxis only. The rule, the hack-up catch, and lease caps./glossary/alternative-fuel-medallion Medallions
  3. GlossaryCorporate (Minifleet) MedallionA corporate (minifleet) medallion is a NYC taxi license that must be owned in groups of two or more. What TLC rules say, who can buy one, and the count./glossary/corporate-medallion Medallions
  4. GlossaryDOV Lease (Driver-Owned Vehicle): What It MeansA DOV lease is a weekly taxi medallion lease plus a car you buy from the owner or agent. TLC caps it at $952 or $994 plus $275 a week; $42,900 for the car./glossary/dov-lease Medallions
  5. GlossaryIndependent Medallion (NYC Taxi)An independent medallion is a NYC taxi license whose owner may hold only one medallion. TLC's rule, who can buy one, and the special rules that come with it./glossary/independent-medallion Medallions
  6. GlossaryMedallion Agent (TLC Taxi Agent)A medallion agent is a TLC-licensed business that runs taxis for medallion owners; TLC counted 36 at the end of 2025. What agents do and how drivers meet one./glossary/medallion-agent Medallions
  7. GlossaryMedallion Relief Program (MRP): What It MeansThe Medallion Relief Program (MRP and MRP+) was NYC's 2021–2024 debt relief for small taxi medallion owners: $20,000 or $30,000 grants to cut loans. In brief./glossary/medallion-relief-program Medallions
  8. GlossaryMedallion-Only Lease: Meaning for NYC Taxi DriversA medallion-only lease rents you a yellow taxi medallion for your own car. TLC caps it at $952 a week, or $994 for a hybrid. What it must include, and extras./glossary/medallion-only-lease Medallions
  9. GlossaryNamed Driver Medallion: What the TLC Label Means'Named Driver' is one of two medallion type labels in TLC's taxi data, on 6,232 cabs. What TLC defines, what it doesn't, and the Owner Must Drive label./glossary/named-driver-medallion Medallions
  10. GlossaryOffice of Financial Stability (OFS) at TLCTLC's Office of Financial Stability, set up by Local Law 111 of 2020, tracks the money health of the medallion market. What it does and where you'll meet it./glossary/office-of-financial-stability Medallions
  11. GlossaryRate Card (NYC Taxi): What It Is and Your DutiesA taxi rate card is the TLC card for each medallion cab showing its medallion number and fares. Drivers must display it; owners must hand it in in some cases./glossary/rate-card Medallions
  12. GlossaryRe-Hack: Moving a Taxi to Another MedallionA re-hack moves a car already hacked up as a yellow taxi onto a different medallion. TLC allows it in only three cases. The rule, the $50 fee, and a checker./glossary/re-hack Medallions
  13. GlossaryScheduled Retirement Date (NYC Taxi Vehicle)A taxi's scheduled retirement date is when TLC rule 67-18 says the car must leave yellow cab service. How it's set, why accessible cabs have none, extensions./glossary/scheduled-retirement-date Medallions
  14. GlossaryStand-By Vehicle (SBV): Taxi Fleet Spare CabA stand-by vehicle is a licensed spare taxi a fleet may use while one of its cabs is out of service. Only fleets can have them; TLC counted 3 at end of 2025./glossary/stand-by-vehicle Medallions
  15. GlossaryTaxi Fleet: TLC Meaning for DriversIn TLC rules a taxi Fleet is a business with 25+ cabs, one garage and a dispatcher on site 18 hours a day. How it differs from a minifleet, agent or owner./glossary/taxi-fleet Medallions
  16. GlossaryTaxi Improvement Fund (TIF): Meaning for DriversThe Taxi Improvement Fund is the City fund filled by the $1.00 surcharge on every yellow taxi trip. It pays owners and drivers of wheelchair accessible taxis./glossary/taxi-improvement-fund Medallions
  17. GlossaryTaxicab Broker (Medallion Broker)A taxicab broker is a TLC-licensed go-between for selling, buying or borrowing against a NYC medallion. TLC counted 17 in late 2025; using one is optional./glossary/medallion-broker Medallions