Definition of Production payments

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TeachMeFinance.com - explain Production payments



Production payments -- A contractual arrangement providing a mineral interest that gives the owner a right to receive a fraction of production, or of proceeds from the sale of production, until a specified quantity of minerals (or a definite sum of money, including interest) has been received.




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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