Nev. Admin. Code § 361.262 — 361.262

NAC 361.262    “Debt” defined. ( NRS
360.090 , 361.320 )    “Debt” is money owed. In
the usual case, borrowed money (debt) is considered to be a permanent part of
the capital used in the business.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]