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Nev. Rev. Stat. § 682A.075

“Floor” defined

Nevada · Nevada Revised Statutes Chapter 682A — Investments · Status: effective

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Nev. Rev. Stat. § 682A.075, “Floor” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2145772
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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.