“Reverse repurchase transaction” defined.

NRS 682A.193 “Reverse repurchase transaction” defined. “Reverse repurchase transaction” means a transaction in which an insurer sells securities to a business entity and is obligated to repurchase the sold securities, or equivalent securities, from the business entity at a specified price, either within a specified period of time or on demand. (Added to NRS by 2015, 3424)