delay rental

delay rental. Oil & gas. A payment from the lessee to the lessor made to maintain the mineral lease from period to period during the primary term without an obligation to drill. See DRILLING-DELAY RENTAL CLAUSE; “or”lease, “unless”lease under LEASE; PAID-UP LEASE.

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词条贡献者

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。