overriding royalty

A share of either production or revenue from production (free of the costs of production) carved out of a lessee’s interest under an oil-and-gas lease.

• Overriding-royalty interests are often used to compensate those who have helped structure a drilling venture. An overriding-royalty interest ends when the underlying lease terminates. [Cases: Mines and Minerals 74. C.J.S. Mines and Minerals § 308.]

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词条贡献者

资深译员Lorna，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与房地产投资信托有关的法律文件。