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2025 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.075 - "Floor" defined.

Universal Citation:
NV Rev Stat § 682A.075 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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"Floor" means an agreement obligating the seller to make payments to the buyer in which each payment is based on the amount by which a predetermined number, sometimes called the floor rate or price, exceeds a reference price, level, performance or value of one or more underlying interests.

(Added to NRS by 2015, 3419)

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