Nevada § 106.345 - “Principal” defined
Full text of Nevada Nevada Revised Statutes § 106.345 — “Principal” defined, with citation guidance and answers to common questions.
§ 106.345. “Principal” defined
“Principal” means the money a lender advances to a borrower as a loan which, separately
or together with other advances, is intended to be evidenced by the face amount of
a note, bond or other similar document. The term does not include any interest, advances made to protect security or advances
which would not have been made if the borrower and all other parties to the agreement
relating to the loan or future advances had complied with its terms even if the obligations
contained in the agreement were secured by an instrument.
Frequently Asked Questions About Nevada § 106.345
What does Nevada Revised Statutes § 106.345 cover?
Section 106.345 ("“Principal” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 106.345?
A common citation format is "Nevada Revised Statutes § 106.345" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 106.345 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.