double fraction problem

double-fraction problem. Oil & gas. A common ambiguity that arises when the owner of a fractional interest conveys or reserves a fractional interest. • For example, if the owner of an undivided half interest in minerals conveys “an undivided half interest in the minerals,” it is unclear whether the intention is to convey the owner’s entire half interest or half of the owner’s half interest.

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词条贡献者

译者Gary，毕业于国内一流的翻译学院，擅长翻译各种与合规与风控相关的法律文件。