Depletion

Depletion

In taxation, a principle that allows the owner of a natural resource such as oil or gas to recover the capital cost of the property as the resource is used up.

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Part of Speech: noun
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Industry/Domain: Law
Category: Contracts
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Related terms

deplete

Industrial machinery; Industrial lubricants

The depletion of additives expressed as an approximate percentage.

deplete

Education; SAT vocabulary

To reduce or lessen, as by use, exhaustion, or waste.

depletion

Medical; Human genome

The act or process of depleting or the state of being depleted: as a: the reduction or loss of blood, body fluids, chemical constituents, or stored materials from the body (as by ...

depletion

Law; Contracts

In taxation, a principle that allows the owner of a natural resource such as oil or gas to recover the capital cost of the property as the resource is used up.

depletion

Environment; Environmental conservation

The loss of water from surface water reservoirs or groundwater aquifers at a rate greater than that of recharge.

depletion

Oil & gas; Oilfield

The drop in reservoir pressure or hydrocarbon reserves resulting from production of reservoir fluids. At times, a strong waterdrive will maintain reservoir pressure to a ...

Contract

Law; Contracts

Contract, same meaning of agreement, a commercial contract this is a commercial agreement

contract

Law; Contracts

A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

act no.

Law; Contracts

A product, such as a statute, decree, or enactment, resulting from a decision by a legislative or judicial body

coll.

Law; Contracts

collected, coll., follows the number of an act, eg. Act No 111 Coll.

commercial register

Law; Contracts

a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended

Law; Contracts

a legislative measure altered formally by adding, deleting, or rephrasing

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