Overriding Royalty
Definition of "Overriding royalty"
Percentage of royalties derived from an oil and gas lease payable to someone other than the property lessor. It is a net royalty interest in the oil and gas recovered at the surface free of all operating expenses.
Popular Real Estate Terms
A capital asset. An expenditure to buy property and other capital assets that generate revenue. Securities of real estate companies. ...
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Final property appraisal estimate arrived at by applying appropriate appraisal methods. ...
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