Home > Term: forfeiture
forfeiture
Penalty incurred in accordance with governing laws and regulations when mining concessions, claims leases, rights, are not adequately, safely, and consistently developed and exploited. Compare: abandonment
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(V.I.P) 21084 points - 100% positive feedback
(Milwaukee, United States)
