Terms Used In Nebraska Statutes 54-2935

• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Sale: means a sale, lease, loan, trade, barter, or gift. See Nebraska Statutes 54-2935