Nev. Admin. Code § 361.386 — 361.386

NAC 361.386    “Sinking fund” defined. ( NRS
360.090 , 361.320 )    “Sinking fund” means the
fund to which periodic cash deposits are made for ultimately repaying a debt or
replacing an asset. Usually, a sinking fund receives equal periodic deposits
upon which interest is compounded at a stated rate so that the fund will
accumulate to a predetermined amount at the end of a stated period.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]