Home > Term: average clause
average clause
Eng. A clause that, in granting leases of minerals (coal, ironstone, and clay in particular), provides that lessees may, during every year of the term, make up any deficiency in the quantity of coal, etc., stipulated to be worked, so as to balance the dead or minimum rent.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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(Milwaukee, United States)