Nevada Revised Statutes 671.0185 – ‘Tangible net worth’ defined
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‘Tangible net worth’ means the aggregate assets of a licensee excluding all intangible assets, less liabilities, as determined in accordance with generally accepted accounting principles in the United States.
Terms Used In Nevada Revised Statutes 671.0185
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.