Home > Term: Advance royalty
Advance royalty
A royalty required to be paid in advance of production from a mineral property that may or may not be recoverable from future production.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Coal; Natural gas; Petrol
- Company: EIA
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Creator
- Harry8L
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(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
