NRS 682A.153 - “Option” defined.

NV Rev Stat § 682A.153 (2019) (N/A)
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“Option” means an agreement giving the buyer the right to buy or receive, sell or deliver, enter into, extend or terminate, or effect a cash settlement based on the actual or expected price, level, performance or value of one or more underlying interests.

(Added to NRS by 2015, 3422)