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2024 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.125 - "Letter of credit" defined.
Universal Citation:
NV Rev Stat § 682A.125 (2024)
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"Letter of credit" means a clean, irrevocable and unconditional document that serves as a guaranty for payments made to a specified person under specified conditions, issued or confirmed by, and payable and presentable at, a financial institution on the list of financial institutions meeting the standards for issuing letters of credit in accordance with the Purposes and Procedures Manual of the SVO.
(Added to NRS by 2015, 3421)
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