NRS 100.095
Definitions.

As used in NRS 100.095 to 100.175, inclusive:

1.

“Commercial vehicle lease” means a bailment or lease of a single vehicle by a person for a period of more than 4 months for a total contractual obligation not exceeding $25,000, primarily for business or commercial purposes, whether or not the lessee has the option to purchase or otherwise become the owner of the vehicle at the termination or expiration of the lease. The term includes a bailment or lease where the lessee becomes or may become owner of the vehicle by payment to the lessor of an amount which is substantially equal to the residual value or the unamortized capitalized cost, if the payment is not nominal. The term does not include a bailment or lease where the lessee contracts to pay as compensation for use of the vehicle a sum substantially equivalent to or in excess of the capitalized cost of the vehicle and it is agreed that the lessee may become the owner for no other consideration or for a nominal consideration.

2.

“Person” includes any governmental entity.

3.

“Vehicle” means every device in, upon or by which any person or property is or may be transported upon a public highway, except devices:

(a)

Moved by human power;

(b)

Used exclusively upon stationary rails or tracks; or

(c)

Having a gross vehicle weight of more than 10,000 pounds, exclusive of the weight of any slide-in camper as defined in NRS 482.113 which may be on it.

Ê The term does not include electric personal assistive mobility devices as defined in NRS 482.029.

4.

“Vehicle lease” means a bailment or lease of a single vehicle by a person for a period of more than 4 months where the lessee’s obligation upon termination or expiration of the lease is based on the excess of the unamortized capitalized cost of the vehicle over its residual value as established pursuant to the provisions of NRS 100.145. The term includes a bailment or lease where the lessee becomes or may become owner of the vehicle by payment to the lessor of an amount which is substantially equal to the residual value or the unamortized capitalized cost, if the payment is not nominal.

Source: Section 100.095 — Definitions., https://www.leg.state.nv.us/NRS/NRS-100.html#NRS100Sec095.

100.010
Assignment for creditors. 100.020
Levy of attachment or execution: Written notice 100.040
Requiring resort to different funds. 100.050
Order of resort to different funds. 100.060
Agreements between principals and sureties for joint control of assets. 100.065
Deposits authorized in lieu of cash payment or surety bond for protection of State 100.075
Creditor’s rights transferable without consent of debtor. 100.085
Deposits in names of two or more persons. 100.091
Impound account required under loan secured by real property: Contributions 100.095
Definitions. 100.105
Disclosures required before commercial vehicle lease consummated. 100.115
Liability of lessor under commercial vehicle lease for failure to disclose. 100.125
Reasonableness of estimated residual value of vehicle under commercial vehicle lease. 100.135
Appraisal of vehicle when commercial vehicle lease terminates or expires. 100.145
Obtaining bids to establish residual value of vehicle when value or method of establishing value not agreed upon. 100.155
Notice of lessor’s intention to establish residual value of vehicle. 100.165
Lessee’s right to submit bid for purchase of vehicle 100.200
Short title. 100.210
Definitions. 100.220
Effect of securitization transaction on property, assets and rights of transferor. 100.230
Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act.

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

NRS 100.095 Definitions.

1.

2.

3.

(a)

(b)

(c)

4.

NRS 100.095
Definitions.