Oilfield Glossary
Oilfield Glossary
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Searched for "paid-up lease" in Term Name (2 result(s) found)

paid-up lease

1. n. [Oil and Gas Business]
An oil and gas lease in which delay rentals for the entire primary term are paid in advance with the bonus consideration.

paid up lease

1. n. [Oil and Gas Business]
An oil and gas lease in which delay rentals for the entire primary term are paid in advance with the bonus consideration.