Working Interest - Law Dictionary Search Results
Home Dictionary Name: working interestworking interest
working interest see interest ...
interest
interest [probably alteration of earlier interesse, from Anglo-French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter- between, among + esse to be] 1 : a right, title, claim, or share in property Article Nine security interest : security interest in this entry beneficial interest : the right to the use and benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that is held by virtue of equitable title or that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the divesting...
overriding royalty
overriding royalty : an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs compare royalty ...
ABC transaction
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....
In the interest of general public
In the interest of general public, the expression 'in the interest of general public' is of wide import comprehending public order, public health, public security, morals, economic welfare of the community and the objects mentioned in Part IV of the Constitution. in respect of legislations and notifications concerning the wages, working conditions or the other amenities for the working class, the courts have adopted a liberal attitude and the interest of the workers has been protected notwithstanding the hardship that might becaused to the employers, Municipal Corporation of the City of Ahmedabad v. Jan Mohammad Usmanbhai, AIR 1986 SC 1205 (1212): (1986) 3 SCC 20: (1986) 2 SCR 700.The phrase 'in the interest of the general public' is the phrase of a definite connotation and a known concept. This phrase, as used in amended s. 25-O, has been bodily lifted from Article 19(6) of the Constitution of India, Orissa Textile and Steel Co. v. State of Orissa, AIR 2002 SC 708 (725): (2002) 2 SCC ...
Nobel prize
Prizes for the encouragement of men and women who work for the interests of humanity established by the will of Alfred B Nobel 1833 1896 the Swedish inventor of dynamite who left his entire estate for this purpose They are awarded yearly for what is regarded as the most important work during the year in physics chemistry medicine or physiology idealistic literature and service in the interest of peace The prizes averaging 40000 each were first awarded in 1901 The monetary value of the awards have increased each year to near one million U S dollars by the end of the 20th century...
national interest waiver
national interest waiver This is for physicians and doctors who work in an area without adequate health care workers or who work in Veterans Affairs' facilities. These physicians and doctors can file immigrant visa petitions for themselves without first applying for a labor certification. Source: Department of State. March 2007. ...
pool
pool 1 : an aggregation of the interests, obligations, or undertakings of several parties working together [an insurance ] 2 : a group of people available for some purpose see also jury pool vt : to combine (as assets or votes) in a common form or effort ;esp : to combine (interests) so as not to have a merger of companies considered a purchase for accounting purposes ...
Actuary
Actuary, a registrar of a public body. Also a clerk who registers the acts and constitutions of the Lower House of Convocation; or a registrar in a Court Christian. Especially a person skilled in calculating the value of life interests, annuities, and insurances. The (English) Local Government and other Officers' Superannuation Act, 1922 (12 & 13 Geo. 5, c. 59), defines actuary as meaning a fellow of the Institute of Actuaries or the Faculty of Actuaries in Scotland. The Institute of Actuaries was formed in 1848 and incorporated by royal charter on July 29, 1884.An actuary possessing such qualifications as may be by regulations made by authority. [Insurance Act (4 of 1938), s. 2(a)]Means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance risks, or designing and pricing of policies, working out the benefits, recommending rates r...
Causes celebres
Causes celebres, a work containing reports of the decisions of interest and importance in French Courts in the 17th and 18th centuries. The first series, in 22 vols., is by Gayot de Pitival; the second, called the Nouvelles Causes Celebres, in 15, by Des Essarts. Compare Howell's State Trials in England. The word is applied to any English case of great interest and importance, as the Tichborne case (see Tichborne Case), Queen Caroline's case, etc....
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