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 专业法律翻译郭敏,毕业于欧洲顶尖的高级翻译学院,专注翻译各类与复杂保险交易有关的法律文件。