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Statute 682a 027 — Nevada Law | CourtGPT
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Nevada Legal Code

Statute 682a 027

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'Cap' means an agreement obligating the seller to make payments to the buyer, with each payment based on the amount by which a reference price or level, or the performance or value of one or more underlying interests, exceeds a predetermined number, sometimes referred to as the strike rate or strike price. (Added to NRS by 2015, 3417)