Nevada Revised Statutes 107A.120 – ‘Proceeds’ defined
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‘Proceeds’ means personal property that is received or collected on account of a tenant’s obligation to pay rents.
Terms Used In Nevada Revised Statutes 107A.120
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.