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

资深译员Lester，毕业于美国一流的高级翻译学院，专注翻译各种与复杂国际仲裁有关的法律文件。