For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440 , and for no other purpose: 1. Lease means a contract by which the lienholder or owner of a vehicle transfers to another person, for compensation, the right to use such vehicle but does not include the sharing of a vehicle through a peer-to-peer car sharing program pursuant to chapter 482C of NRS. 2. Long-term lessee means a person who has leased a vehicle from another person for a fixed period of more than 31 days. 3. Long-term lessor means a person who has leased a vehicle to another person for a fixed period of more than 31 days. 4. Short-term lessee means a person who has leased a vehicle from another person for a period of 31 days or less, or by the day, or by the trip. 5. Short-term lessor means a person who has leased a vehicle to another person for a period of 31 days or less, or by the day, or by the trip.
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