Except as otherwise provided in Articles 3, 4, 5 and 12, a person gives value for rights if the person acquires them: 1. In return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection; 2. As security for, or in total or partial satisfaction of, a preexisting claim; 3. By accepting delivery under a preexisting contract for purchase; or 4. In return for any consideration sufficient to support a simple contract. (Added to NRS by 2005, 830; A 2023, 3180)
Nevada Legal Code