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Simple English definitions for legal terms

depletable economic interest

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A quick definition of depletable economic interest:

A depletable economic interest is when someone owns land that has valuable minerals underneath it, like oil or gold. When these minerals are taken out of the ground, the land becomes less valuable because there is less of the mineral left. This is called depletion, and it means that the economic interest in the land is decreasing over time.

A more thorough explanation:

Depletable Economic Interest

A depletable economic interest refers to a mineral-land interest that can be depleted or exhausted due to the removal of the mineral that is the subject of the interest. This depletion can occur through drilling or mining activities.

An oil well that is leased to a company for drilling purposes
A coal mine that is owned by a mining company
A gold mine that is leased to a mining company for extraction

These examples illustrate how a depletable economic interest can be subject to depletion through the extraction of minerals. Once the minerals are removed, the interest may no longer hold any economic value.

de plegiis acquietandis | depletion allowance

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

JumpySubsequentDolphin

11:57

wear a mask

JumpySubsequentDolphin

11:57

go back to Covid days

m10

11:58

Nah nah she would not like that. She is conservative.

BulbasaurNoLikeCardio

11:58

Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill

m10

11:59

We will see. This is enough feedback. Thank you all.

Mostlylegal

12:00

tell her you wanna test and see if your immune systems are compatible, that gets the ladies going

m10

12:00

Lol, maybe

babycat

12:00

lmao when you give the republican baddie the ick by masking up

Eggan

12:01

LOL

Dkk

12:02

Just part of the culture.

BulbasaurNoLikeCardio

12:04

I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.

Dkk

12:04

Unless its like an N95 i dont think it will really do anything

Eggan

12:04

there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it

ChowieBean

12:05

good morning

ChowieBean

12:05

why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."

BulbasaurNoLikeCardio

12:05

One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close

riordanker

12:05

am i the only one who has never gotten my status checker to work on here?

BulbasaurNoLikeCardio

12:06

@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant

ChowieBean

12:06

ok good cuz idk whether i wanna tell them or not

ChowieBean

12:06

thanks bulbasaur

Eggan

12:08

not to be that guy again but berkeley person/applicant id is back and Shiny New Logo

WelfareIsACat

12:08

be that guy

jackfrost11770

12:09

EW THE NEW LOGO IS SO UGLY

jackfrost11770

12:09

WTF

ChowieBean

12:09

need to send in my berkeley app rawwwww

BulbasaurNoLikeCardio

12:09

@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.

BulbasaurNoLikeCardio

12:10

*shouldnt be

Eggan

12:12

@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)

babycat

12:12

@ChowieBean: me too lol. you applying to public interest scholars program?

ChowieBean

12:14

yes def applying public interest

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