Nevada Revised Statutes 677.130 – ‘Thrift certificate’ defined
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‘Thrift certificate’ means a chose in action, in passbook or certificate form, evidencing the obligation of the licensee to pay money and does not include subordinate debt securities.
Terms Used In Nevada Revised Statutes 677.130
- 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.