Nev. Admin. Code § 361.352 — 361.352

NAC 361.352    “Possessory interest” defined. ( NRS
360.090 , 361.320 )    “Possessory interest”
means a type of ownership or partial ownership of the total fee. In financial
terminology it is the portion of the equity in a business enterprise which is
expressed in terms of dollars invested. In valuation it is frequently
encountered where government property is rented or leased to a taxable
occupant.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)