دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: the completion of a legal instrument by the required actions-for example, by signing and delivering the instrument. Execution includes the actual delivery of the signed document to the named grantee, lessee, or assignee.

n: a freehold estate in which there is a fixed line of inheritable succession limited to the issue of the body of the grantee or devisee and in which the regular and general succession of heirs at law is cut off.

n: a person to whom property is conveyed. Compare grantor:

n: a person who conveys property. COfnpaIe grantee.

n: all or a fractional part of the interest of a lessee (grantee) under an oil and gas lease. Such interest includes the lessees right to search for, drill, and produce oil and gas from a lease tract subject to royalty payments. The term usually refers to the remaining leasehold or working interest exclusive of any nonoperating interests created and assigned therefrom, such as overriding royalty interests and production payments. Also called operating interest, working interest.

n: a deed in which the grantor stipulates by express covenant that the title to property is as it is represented to be and that the grantees possession shall be undisturbed. Defects in title may include those that may have existed before the grantor obtained the title as well as any that have arisen during his or her ownership.