fixed term leaseglossary / FIXED-TERM LEASE fixed-term lease. Oil & gas. An oil-and-gas lease for a fixed period of time, lacking the indefinite “so long thereafter” provision commonly found in such leases. Cf. HABENDUM CLAUSE. 词条贡献者 译员黎川,在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译,专注翻译各种与澳大利亚业务有关的法律文件。