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Simple English definitions for legal terms

tonnage-rent

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A quick definition of tonnage-rent:

Term: Tonnage-Rent

Definition: Tonnage-rent is a type of payment that a mining lease or similar agreement requires. It is a fee that is charged for every ton of minerals that are extracted from the mine.

For example, if a mining company extracts 100 tons of coal from a mine, and the tonnage-rent is $1 per ton, then the company would owe $100 in tonnage-rent to the owner of the mine. This type of payment is common in the mining industry and helps ensure that the owner of the mine receives compensation for the minerals that are extracted from their property.

A more thorough explanation:

Definition: Tonnage-rent is a type of rent that is reserved in a mining lease or similar transaction. It consists of a royalty that is paid for every ton of minerals that is extracted from the mine.

Example: A mining company signs a lease agreement with the owner of a mine. The lease agreement includes a tonnage-rent clause that requires the mining company to pay a royalty of $1 for every ton of coal that is extracted from the mine. If the mining company extracts 10,000 tons of coal in a month, it would have to pay a tonnage-rent of $10,000 to the owner of the mine.

This example illustrates how tonnage-rent works in a mining lease agreement. The owner of the mine receives a royalty for every ton of minerals that is extracted from the mine, which provides a steady stream of income for the owner.

Definition: Tonnage tax is a tax that is levied on the shipping industry based on the tonnage of ships that are registered in a particular country.

Example: The government of a country decides to implement a tonnage tax on the shipping industry. The tax is based on the tonnage of ships that are registered in the country. For example, if a shipping company has a fleet of 10 ships with a total tonnage of 100,000 tons, it would have to pay a tonnage tax based on this tonnage.

This example illustrates how tonnage tax works in the shipping industry. The tax is based on the tonnage of ships, which provides an incentive for shipping companies to register their ships in countries with lower tonnage taxes.

tonnage duty | tonsure

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Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
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