>  Term: average clause
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.

0 0

작성자

  • ed.young
  • (Milwaukee, United States)

  •  (V.I.P) 21084 포인트
  • 100% positive feedback
© 2025 CSOFT International, Ltd.