overriding royalty

noun

Legal Definition of overriding royalty 

: an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs — compare royalty

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Dictionary Entries near overriding royalty

overreach

overreaching

override

overriding royalty

overrule

oversecured

overt act

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