Collateral defined.
Nev. Rev. Stat. § 691C.030
in effectCollateral means personal property in which a purchase money security interest is retained or personal property that is pledged as security for the satisfaction of a debt.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-691C.htmlFetched: 10/4/2026
