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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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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