- royalty oil
- Oil severed and set apart for the payment of the obligation to render royalty. Anno: 4 ALR2d 497.
Ballentine's law dictionary. Anderson, W.S.. 1998.
royalty oil
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Oil and gas law in the United States — is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. Drilling companies most often lease the rights to drill … Wikipedia
royalty — roy·al·ty n pl ties 1: a right delegated (as to an individual or corporation) by a sovereign 2 a: a share of the profit or product reserved by the grantor esp. of an oil or mineral lease compare overriding royalty b: a payment made to an author… … Law dictionary
royalty — ► NOUN (pl. royalties) 1) people of royal blood or status. 2) the status or power of a king or queen. 3) a sum paid for the use of a patent or to an author or composer for each copy of a work sold or for each public performance. 4) a royal right… … English terms dictionary
royalty — [roi′əl tē] n. pl. royalties [ME roialte < OFr < ML regalitas < L regalis,REGAL] 1. the rank, status, or power of a king or queen; royal position, dignity, etc.; sovereignty 2. a royal person or, collectively, royal persons 3. Archaic a… … English World dictionary
Royalty trust — A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high… … Wikipedia
royalty — Compensation for the use of property, usually copyrighted material or natural resources, expressed as a percentage of receipts from using the property or as an account per unit produced. A payment which is made to an author or composer by an… … Black's law dictionary
Royalty Units — An ownership unit in a royalty trust. A royalty unit gives the unit holder a stake in the income generated by the holdings of the trust. A royalty trust takes ownership stakes in operating companies or in their cash flows. The royalty trust owns… … Investment dictionary
royalty — The consideration payable by the lessee to the lessor under an oil or gas lease. 24 Am J1st Gas & O § 65. The right to share in production of oil or gas. Anno: 4 ALR2d 497. Compensation for the privilege of drilling and producing gas and oil,… … Ballentine's law dictionary
Royalty Income Trust — A type of special purpose financing created to hold investments or their cash flows in operating companies. These trusts are neither stocks nor bonds but investment trusts (a legal entity). Royalty trusts buy the right to royalties on the… … Investment dictionary
royalty — /roy euhl tee/, n., pl. royalties. 1. royal persons collectively. 2. royal status, dignity, or power; sovereignty: to be elevated to royalty. 3. a person of royal lineage; member of a royal family. 4. royalties, Archaic. prerogatives, rights, or… … Universalium
