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2019 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.027 - “Cap” defined.
Universal Citation: NV Rev Stat § 682A.027 (2019)
“Cap” means an agreement obligating the seller to make payments to the buyer, with each payment based on the amount by which a reference price or level, or the performance or value of one or more underlying interests, exceeds a predetermined number, sometimes referred to as the strike rate or strike price.
(Added to NRS by 2015, 3417)
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