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English to German translations [PRO] Bus/Financial - Law: Taxation & Customs / Mining and Minerals
English term or phrase:production payment
ist der nächste Begriff aus diesem Satz des IRS. Any ideas oder weiß jemand, wie das offziell heißt?
For purposes of section 636 and the regulations thereunder:
(a) **Production payment**. (1) The term production payment means, in general, a right to a specified share of the production from **mineral in place** (if, as, and when produced), or the proceeds from such production.
Such right must be an economic interest in such mineral in place. It may burden more than one mineral property, and the burdened mineral property need not be an operating mineral interest. Such right must have an expected economic life (at the time of its creation) of shorter duration than the economic life of one or more of the mineral properties burdened thereby.