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LSDefine

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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