de·ple·tion /di-'plē-shən/ n: the reduction of the value of the assets of a company engaged in removing natural resources (as by mining) because of the decrease over time of the natural resources (as coal) available in or on the land being worked

Merriam-Webster’s Dictionary of Law. . 1996.

index consumption, decrement, delinquency (shortage), insufficiency, poverty, waste, wear and tear

Burton's Legal Thesaurus. . 2006

In taxation, a principle that allows the owner of a natural resource such as oil or gas to recover the capital cost of the property as the resource is used up.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

n. The act of drawing out in its entirety, or using up, money or of a nonrenewable resource such as oil.

Webster's New World Law Dictionary. . 2000.

   when a natural resource (particularly oil) is being used up. The annual amount of depletion may, ironically, provide a tax deduction for the company exploiting the resource because if the resource they are exploiting runs out, they will no longer be able to make money from it.

Law dictionary. . 2013.

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Look at other dictionaries:

  • déplétion — [ deplesjɔ̃ ] n. f. • 1736; lat. depletio 1 ♦ Sc. Diminution de la quantité (de qqch.). « Si le nombre de cétacés capturés annuellement reste très élevé, il tend néanmoins à diminuer par suite de la déplétion des stocks » (J. Dorst). Méd.… …   Encyclopédie Universelle

  • Depletion — may refer to: Depletion (accounting), an accounting concept Depletion region, a concept of semiconductor physics Depletion width, a concept of semiconductor physics Grain boundary depletion, a mechanism of corrosion Oil depletion, the declining… …   Wikipedia

  • depletion — de‧ple‧tion [dɪˈpliːʆn] noun [uncountable] when an amount of something is greatly reduced or nearly all used up: • Many businessmen judged the bank s measures insufficient to prevent the continuing depletion of foreign exchange reserves. • the… …   Financial and business terms

  • Depletion — Déplétion Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. Le terme déplétion peut faire référence à : Sommaire 1 Dans les domaines de l astronautique et de l astronomie 2 …   Wikipédia en Français

  • Depletion — De*ple tion, n. [Cf. F. d[ e]pl[ e]tion.] 1. The act of depleting or emptying. [1913 Webster] 2. (Med.) the act or process of diminishing the quantity of fluid in the vessels by bloodletting or otherwise; also excessive evacuation, as in severe… …   The Collaborative International Dictionary of English

  • Depletion — См. Обеднение Термины атомной энергетики. Концерн Росэнергоатом, 2010 …   Термины атомной энергетики

  • depletion — [dē plē′shən, diplē′shən] n. 1. a depleting or being depleted 2. the gradual using up or destruction of capital assets, esp. of natural resources * * * de·ple·tion (dĭ plēʹshən) n. 1. The act or process of depleting. 2. The state of being… …   Universalium

  • depletion — 1650s, from L.L. depletionem (nom. depletio) blood letting, from pp. stem of L. deplere to empty, lit. to un fill, from de off, away (see DE (Cf. de )) + plere to fill (see PLENARY (Cf. plenary)) …   Etymology dictionary

  • depletion — [dē plē′shən, diplē′shən] n. 1. a depleting or being depleted 2. the gradual using up or destruction of capital assets, esp. of natural resources …   English World dictionary

  • Depletion — An accrual accounting method that companies use to allocate the cost of extracting natural resources such as timber, minerals and oil from the earth. Depletion is calculated for tax deduction and bookkeeping purposes. Unlike depreciation and… …   Investment dictionary

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