Home > Term: average clause
Eng. A clause that, in granting leases of minerals (coal, ironstone, and clay in particular), provides that lessees may, during every year of the term, make up any deficiency in the quantity of coal, etc., stipulated to be worked, so as to balance the dead or minimum rent.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Δημιουργός
- ed.young
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(Milwaukee, United States)