NAC361.384. “Risk” defined.

Latest version.

“Risk” means the degree of uncertainty regarding the receipt of future income, whether in the form of interest or of net operating income. The higher the risk, the greater the annual percentage rate of return demanded by investors. Interest on a government bond or on a bank deposit has a high degree of certainty of receipt and therefore offers a low rate of return compared to other investments. At the other extreme is the high risk equity portion of a commercial enterprise with a high debt equity ratio.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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