Nev. Admin. Code § 361.276 — 361.276

NAC 361.276    “Effective rate of interest” defined. ( NRS 360.090 , 361.320 )    “Effective
rate of interest” means the total cost to a company for borrowing money divided
by the face value of the money. The interest expense plus the cost of floating
the debt or compensatory bank balance are included in calculating the total
cost.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]