wasting property

wasting property
n. Ownership, right to, or interest in a wasting asset.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • wasting property — Property, such as an oil well, quarry, or mine, the substance of which is consumed in exploitation. See wasting assets corporation …   Ballentine's law dictionary

  • wasting property — Includes such property as leasehold interests; royalties; patent rights; interests in things the substance of which is consumed, such as mines, oil and gas wells, quarries and timberlands; interests in things which are consumed in the using or… …   Black's law dictionary

  • wasting asset — see asset 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. wasting asset n. A …   Law dictionary

  • wasting asset — A natural resource having a limited useful life and, hence, subject to amortization called depletion. An asset that will be exhausted through its use. Examples are timberland, oil and gas wells, and ore deposits. See also depletion wasting… …   Black's law dictionary

  • Wasting police time — is listed as a criminal offence in many Commonwealth countries. In England and Wales, one can be charged by police with the offense under Section 5(2) of the Criminal Law Act 1967 [ [http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1967/cukpga… …   Wikipedia

  • property control trust — Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include 1) special needs trusts designed to assist people who have special physical, emotional, or other requirements; 2) spendthrift trusts designed… …   Law dictionary

  • Wasting asset — An asset which has a limited life and thus, decreases in value (depreciates) over time. Also applied to consumed assets, such as gas, and termed depletion. * * * wasting asset wasting asset ➔ asset * * * wasting asset UK US noun [C] ACCOUNTING,… …   Financial and business terms

  • wasting asset — A term often used to describe an option because of its limited life. Shortly before its expiration, an out of the money option has only time value, which declines rapidly. For an in the money option, only intrinsic value is left upon expiration.… …   Financial and business terms

  • wasting — wast|ing [ˈweıstıŋ] adj 1.) wasting disease/illness formal a disease that gradually makes you thinner and weaker 2.) wasting asset technical a property, business etc that is losing money ▪ The airline is clearly a wasting asset …   Dictionary of contemporary English

  • wasting asset — noun : property (as mines or lumber tracts) subject to depletion * * * wasting asset noun Any asset (esp a natural resource, such as a mine) whose value decreases with its depletion and which cannot be replaced or renewed • • • Main Entry: ↑waste …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”