State Codes and Statutes

Statutes > Nevada > Title-2 > Chapter-17 > Foreign-money-claims-uniform-act > 17-540

17.540 “Spot rate” defined. “Spot rate” means the rate of exchange at which foreign money is sold by a bank or other dealer in foreign exchange for immediate or next-day availability or for settlement by immediate payment in cash or equivalent, by charge to an account, or by an agreed delayed settlement not exceeding 2 days.

(Added to NRS by 1993, 195)

State Codes and Statutes

Statutes > Nevada > Title-2 > Chapter-17 > Foreign-money-claims-uniform-act > 17-540

17.540 “Spot rate” defined. “Spot rate” means the rate of exchange at which foreign money is sold by a bank or other dealer in foreign exchange for immediate or next-day availability or for settlement by immediate payment in cash or equivalent, by charge to an account, or by an agreed delayed settlement not exceeding 2 days.

(Added to NRS by 1993, 195)