Nevada Revised Statutes 696B.160 – ‘Secured claim’ defined
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1. ’Secured claim’ means any claim secured by mortgage, trust deed, pledge, deposit as security, escrow or otherwise, but not including special deposit claims or claims against general assets.
Terms Used In Nevada Revised Statutes 696B.160
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
2. ’Secured claim’ includes claims which have become liens upon specific assets through judicial process and not invalidated.