Nevada Revised Statutes 612.611 – ‘Bond obligation’ defined
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‘Bond obligation‘ means the principal of a bond and any premium and interest payable on a bond, together with any amount owed under a related credit agreement or under any instrument or agreement related to the bond.
Terms Used In Nevada Revised Statutes 612.611
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.