§ 482.4215 Circumstances in which lease does not constitute sale or create security interest

Terms Used In Nevada Revised Statutes > Chapter 482 > Lease of Motor Vehicle or Trailer for Use Primarily in Trade or Business

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Statute: A law passed by a legislature.