Nevada Revised Statutes 108.22168 – ‘Principal’ defined
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‘Principal,’ as pertaining to a surety bond, means the debtor of the lien claimant or a party in interest in the property subject to the lien whose name and signature appear as principal on a surety bond.
Terms Used In Nevada Revised Statutes 108.22168
- Lien: A claim against real or personal property in satisfaction of a debt.