Home/Nevada/Statutes/Title 3: REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS/Ch. 42: Damages/: STRUCTURED SETTLEMENT PROTECTION ACT/§ 42.225
Nevada Statutes

§ 42.225 — “Discounted present value” defined

Nevada·Title 3 REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS·Ch. 42 Damages· STRUCTURED SETTLEMENT PROTECTION ACT
“Discounted present value” means the present value of future payments determined by discounting such payments to the present using the most recently published Applicable Federal Rate for determining the present value of an annuity, as issued by the Internal Revenue Service.

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Legislative History

(Added to NRS by 2021,1720)

Nearby Sections

15
§ 42.001
Definitions; exceptions
§ 42.005
Exemplary and punitive damages: In general; limitations on amount of award; determination in subsequent proceeding
§ 42.007
Exemplary and punitive damages: Limitations on liability by employer for wrongful act of employee; exception
§ 42.010
Exemplary and punitive damages: Injury caused by operation of vehicle after consumption or use of alcohol or another substance
§ 42.021
Actions based on professional negligence of providers of health care: Introduction of certain evidence relating to collateral benefits; restrictions on source of collateral benefits; payment of future damages by periodic payments
§ 42.200
Short title
§ 42.205
Definitions
§ 42.210
“Annuity issuer” defined
§ 42.215
“Assignee” defined
§ 42.220
“Dependents” defined
§ 42.225
“Discounted present value” defined
§ 42.230
“Gross advance amount” defined
§ 42.235
“Independent professional advice” defined
§ 42.240
“Interested party” defined
§ 42.245
“Net advance amount” defined
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