Nev. Admin. Code § 361.356

Current through December 12, 2024

Section 361.356 - "Present worth" defined; synonymous with "present value

"Present worth" means the value today of something to be received in the future. It is usually calculated by a discounting process that takes into consideration the time and interest concept of the worth of the money. The term is synonymous with the term "present value."

Nev. Admin. Code § 361.356

Tax Comm'n, Property Tax Reg. part No. 15, eff. 10-30-79-NAC A 9-30-88

NRS 360.090, 361.320