ABC Transaction
Legal definition for Indian law research
Definition
ABC transaction, is a sale of a working interest from an owner (A) to an operator, (B) in return for a cash payment and the right to another payment when he well produces, followed by A's sale of right to the production payment to corporation (C) which pays A in cash borrowed from a lender on C's pledge of the production payment, Black Law Dictionary, 7th Edn., p. 3.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.