Nevada Revised Statutes 408.55059 – ‘Loan obligation’ defined
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‘Loan obligation‘ means a bond, note or other evidence of a qualified borrower’s obligation to repay a loan given by the Bank.
Terms Used In Nevada Revised Statutes 408.55059
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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.