دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: an instrument used to transfer legal title to property as security for the repayment of a loan or the fulfillment of some other obligation. Compare mortgage. deep drilling n: any drilling project that is deeper than average for a given area or time period.

n: a person who serves, with or without bond, to act for the benefit of another in all matters connected with a specified undertaking. Fiduciary obligations exist, for example, between trustees and the beneficiaries of the trust.

n: an estate created by a conveyance absolute in form but intended to secure the performance of some act, such as the payment of money, and to become void if the act is performed in agreement with terms. Compare deed of trust.

n: (OPA) a congressional act passed to reduce the risk and damages caused by large oil spills on navigable waters. OPA provides for increased federal response authority, increased civil penalties, emphasis on worstcase contingency planning, and a billiondollar trust fund to help clean up severe spills. The objective of OPA is to prevent discharges of oil into federal waters from vessels and facilities and to ensure that, if such spills occur, owners and operators have the resources to clean them up.

n: a right in property held by one party for the benefit of another. The trustee holds the legal interest or title, and the beneficiary holds the equitable interest or title and receives the benefits.

n: person who holds the legal title to property in trust for the benefit of another. With the title go specified powers and duties relating to the property.