Nevada Revised Statutes 42.230 – ‘Gross advance amount’ defined
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‘Gross advance amount’ means the sum payable to the payee or for the payee’s account as consideration for a transfer of structured settlement payment rights, before any reductions for transfer expenses or other deductions to be made from such consideration.
Terms Used In Nevada Revised Statutes 42.230
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.