MLchartDataset catalogue

Mineral lease

Term · Insurance and risk management · MLC-T-INS-002193

A contractual agreement granting a party the right to explore for, extract, and produce minerals from a specific tract of land for a defined period. The lessee pays royalties to the lessor based on the value or volume of the extracted minerals. These leases often include provisions for surface use, environmental protection, and reclamation obligations.

Table 1. Record
IdentifierMLC-T-INS-002193
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002193",
  "term": "Mineral lease",
  "field": "Insurance and risk management",
  "definition": "A contractual agreement granting a party the right to explore for, extract, and produce minerals from a specific tract of land for a defined period. The lessee pays royalties to the lessor based on the value or volume of the extracted minerals. These leases often include provisions for surface use, environmental protection, and reclamation obligations.",
  "url": "https://mlchart.com/terminology/insurance/mineral-lease/"
}

Record 2,174 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.