As used in NRS 342.015 to 342.075 , inclusive, unless the context otherwise requires: 1. Acquisition means the acquisition of real property by a governmental body by purchase or eminent domain. 2. Business means a business which is licensed and registered in accordance with law. 3. Displacement means the actual vacating of real property by a natural person or business because of an acquisition by a governmental body. 4. Governmental body means any political subdivision of this state, any department, agency or instrumentality of a political subdivision, and any other entity which is authorized to exercise the power of eminent domain.
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