NRS 682A.177
“Rated credit instrument” defined.

1.

“Rated credit instrument” means a contractual right to receive cash or another rated credit instrument from another entity which instrument:

(a)

Is rated or required to be rated by the SVO;

(b)

In the case of an instrument with a maturity of 397 days or less, is issued, guaranteed or insured by an entity that is rated by, or another obligation of such entity is rated by, the SVO or by a nationally recognized statistical rating organization recognized by the SVO;

(c)

In the case of an instrument with a maturity of 90 days or less, is issued by a qualified bank;

(d)

Is a share of a class one bond mutual fund; or

(e)

Is a share of a money market mutual fund.

2.

The term does not include:

(a)

An instrument that is mandatorily, or at the option of the issuer, convertible to an equity interest; or

(b)

A security that has a par value and whose terms provide that the issuer’s net obligation to repay all or part of the security’s par value is determined by reference to the performance of an equity, a commodity, a foreign currency or an index of equities, commodities, foreign currencies, or any combination thereof.

Source: Section 682A.177 — “Rated credit instrument” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec177.

682A.005
Definitions. 682A.007
“Acceptable collateral” defined. 682A.009
“Acceptable private mortgage insurance” defined. 682A.013
“Accident and health insurance” defined. 682A.015
“Accident and health insurer” defined. 682A.017
“Admitted asset” defined. 682A.019
“Affiliate” defined. 682A.023
“Asset-backed security” defined. 682A.025
“Business entity” defined. 682A.027
“Cap” defined. 682A.029
“Capital and surplus” defined. 682A.033
“Cash equivalents” defined. 682A.035
“Class one bond mutual fund” defined. 682A.037
“Class one money market mutual fund” defined. 682A.039
“Collar” defined. 682A.043
“Commercial mortgage loan” defined. 682A.045
“Construction loan” defined. 682A.047
“Control” defined. 682A.049
“Counterparty exposure amount” defined. 682A.053
“Covered” defined. 682A.055
“Credit tenant loan” defined. 682A.057
“Derivative instrument” defined. 682A.059
“Derivative transaction” defined. 682A.063
“Direct” and “directly” defined. 682A.065
“Dollar roll transaction” defined. 682A.067
“Domestic jurisdiction” defined. 682A.069
“Equity interest” defined. 682A.073
“Equivalent securities” defined. 682A.075
“Floor” defined. 682A.077
“Foreign currency” defined. 682A.079
“Foreign investment” defined. 682A.083
“Foreign jurisdiction” defined. 682A.085
“Forward” defined. 682A.087
“Future” defined. 682A.089
“Government money market mutual fund” defined. 682A.093
“Government-sponsored enterprise” defined. 682A.095
“Guaranteed or insured” defined. 682A.097
“Hedging transaction” defined. 682A.099
“High grade investment” defined. 682A.103
“Income” defined. 682A.105
“Income generation transaction” defined. 682A.107
“Insurance future” defined. 682A.109
“Insurance future option” defined. 682A.113
“Investment company” defined. 682A.115
“Investment company series” defined. 682A.117
“Investment practices” defined. 682A.119
“Investment strategy” defined. 682A.123
“Investment subsidiary” defined. 682A.125
“Letter of credit” defined. 682A.127
“Limited-liability company” defined. 682A.129
“Lower grade investment” defined. 682A.133
“Market value” defined. 682A.135
“Medium grade investment” defined. 682A.137
“Money market mutual fund” defined. 682A.139
“Mortgage loan” defined. 682A.143
“Multilateral development bank” defined. 682A.145
“Mutual fund” defined. 682A.147
“NAIC” defined. 682A.149
“Obligation” defined. 682A.153
“Option” defined. 682A.155
“Over-the-counter derivative instrument” defined. 682A.157
“Person” defined. 682A.159
“Potential exposure” defined. 682A.163
“Preferred stock” defined. 682A.165
“Qualified bank” defined. 682A.167
“Qualified business entity” defined. 682A.169
“Qualified clearinghouse” defined. 682A.173
“Qualified exchange” defined. 682A.175
“Qualified foreign exchange” defined. 682A.177
“Rated credit instrument” defined. 682A.179
“Real estate” defined. 682A.183
“Replication transaction” defined. 682A.185
“Repurchase transaction” defined. 682A.187
“Required liabilities” defined. 682A.189
“Residential mortgage loan” defined. 682A.193
“Reverse repurchase transaction” defined. 682A.195
“Secured location” defined. 682A.197
“Securities lending transaction” defined. 682A.199
“Series company” defined. 682A.203
“Sinking fund stock” defined. 682A.205
“Special rated credit instrument” defined. 682A.207
“State” defined. 682A.209
“Substantially similar securities” defined. 682A.213
“SVO” defined. 682A.215
“Swap” defined. 682A.217
“Underlying interest” defined. 682A.219
“Unrestricted surplus” defined. 682A.223
“Warrant” defined.
Last Updated

Jun. 24, 2021

§ 682A.177’s source at nv​.us