oil payments
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 310 U.S. 404 - Anderson v. Helvering · 1940Most cited · 672 citing opinions
The right to oil payments—that is, the right to a specified sum of money, payable out of a specified percentage of the oil, or the proceeds received from the sale of such oil, if, as and when produced.