Nev. Admin. Code § 361.356 — 361.356

NAC 361.356    “Present worth” defined; synonymous with “present value.” ( NRS 360.090 , 361.320 )    “Present
worth” means the value today of something to be received in the future. It is
usually calculated by a discounting process that takes into consideration the
time and interest concept of the worth of the money. The term is synonymous
with the term “present value.”
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)