Nev. Admin. Code § 361.386

Current through December 12, 2024

Section 361.386 - "Sinking fund" defined

"Sinking fund" means the fund to which periodic cash deposits are made for ultimately repaying a debt or replacing an asset. Usually, a sinking fund receives equal periodic deposits upon which interest is compounded at a stated rate so that the fund will accumulate to a predetermined amount at the end of a stated period.

Nev. Admin. Code § 361.386

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

NRS 360.090, 361.320