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term overriding royalty

Defined in 1 dictionary — U.S. Code

United States Code

11 U.S.C. § 101 — in this title (3 versions over time)

4 The term "term overriding royalty" means an interest in liquid or gaseous hydrocarbons in place or to be produced from particular real property that entitles the owner thereof to a share of production, or the value thereof, for a term limited by time, quantity, or value realized.