; and (5) by adding at the end the following new subsection: (e) Definitions As used in this section: (1) Accrued interest The term accrued interest means interest accrued on accrued royalties, as described in subsection (d)(3)(I)(ii). (2) Accrued royalties The term accrued royalties means royalties accrued for the reproduction or distribution of a musical work (or share thereof) in a covered activity, calculated in accordance with the applicable rate under this section. (3) Administrative assessment The term administrative assessment means the fee to be paid by digital music providers and significant nonblanket licensees that is established pursuant to subsection (d)(7)(D). (4) Blanket license The term blanket license means a compulsory license to engage in covered activities as described in subsection (d)(1). (5) Budget The term budget means a statement of the financial position of the mechanical licensing collective for a fiscal year or quarter thereof based on estimates of expenditures during the period and proposals for financing them, including a calculation of total costs. (6) Copyright owner The term copyright owner — (A) means the owner of the exclusive right of reproduction or distribution in a musical work, in all or in part, as provided in section 201 of this title