Nevada Revised Statutes 682A.097 – ‘Hedging transaction’ defined
Current as of: 2023 | Check for updates
|
Other versions
‘Hedging transaction’ means a derivative transaction which is entered into and maintained to reduce:
Terms Used In Nevada Revised Statutes 682A.097
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
1. The risk of a change in the value, yield, price, cash flow or quantity of assets or liabilities which the insurer has acquired or incurred or anticipates acquiring or incurring; or
2. The currency exchange rate risk or the degree of exposure as to assets or liabilities which an insurer has acquired or incurred or anticipates acquiring or incurring.