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Oil and gas lease
Oil and gas lease A grant of the sole and exclusive right to extract oil and-or gas from beneath the surface of land.
RELATED TERMS--------------------------------------
Grant
To bestow or transfer an interest in real property by deed or other instrument
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
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Offeror
The party who makes an offer - usually the buyer.
Office of Comptroller of the Currency
Known as OCC, it charters, regulates and supervises all national banks and it also supervises all federal branches and agencies of foreign banks.
Office of Thrift Supervision
A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
Office property
Income-producing commercial property from which a particular service is rendered.
Offsite improvements
Improvements made outside of a property's boundaries, such as sidewalks and streets.
Oil and gas lease
Ombudsman
The independent person responsible for investigating complaints made about member institutions.
One hundred percent commission plan
Some firms have adopted a 100 percent commission plan. Salespersons in these offices pay a monthly service charge to their brokers to cover the costs of office space, telephones and supervision in return for keeping 100 percent of the commissions from the sales they negotiate.
One stop shopping
An arrangement where settlement and service providers are all available through the broker.
One year treasury spot index
This index is the weekly average interest paid by the u.s. government on funds borrowed for one year. It changes more slowly than the cd index.
One-year adjustable
Mortgage whose annual rate changes yearly; the rate is usually based on movements of a published index plus a specified margin, chosen by the lender.
This dictionary contains 6433 terms. |
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