Terms Used In Nevada Revised Statutes > Chapter 41 > Liability of Receiver of Stolen Property

• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. ^{Source: OCC}
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Premarital agreement: means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage. See Nevada Revised Statutes 123A.030
• Property: means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. See Nevada Revised Statutes 123A.030
• Trustee: A person or institution holding and administering property in trust.