Nev. Admin. Code § 361.312 — 361.312

NAC 361.312    “Imbedded debt cost” defined. ( NRS
360.090 , 361.320 )    “Imbedded debt cost” means
the average rate of interest that a company pays for its long-term debt.
Basically, it is the amount of the total interest paid on long-term debt during
the year divided by the face value of the long-term debt outstanding at the end
of the year.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]