Nevada Revised Statutes 354.533 – ‘Fund balance’ defined
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‘Fund balance’ means the excess of assets over liabilities in a governmental fund.
Terms Used In Nevada Revised Statutes 354.533
- 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.