- Industry: Energy
- Number of terms: 18450
- Number of blossaries: 0
- Company Profile:
Any of various compounds consisting of carbon, hydrogen, chlorine, and flourine used as refrigerants. CFCs are now thought to be harmful to the earth's atmosphere.
Industry:Energy
A deduction (allowance) under U.S. Federal income taxation normally calculated under a formula whereby the adjusted basis of the mineral property is multiplied by a fraction, the numerator of which is the number of units of minerals sold during the tax year and the denominator of which is the estimated number of units of unextracted minerals remaining at the end of the tax year plus the number of units of minerals sold during the tax year.
Industry:Energy
The valves and fittings installed at the top of a gas or oil well to control and direct the flow of well fluids.
Industry:Energy
A deduction (allowance) allowed to certain mineral producers under U.S. Federal income taxation calculated on the basis of a specified percentage of gross revenue from the sale of minerals from each mineral property not to exceed the lesser of 50 percent of the taxable income from the property computed without allowance for depletion. (There are also other limits on percentage depletion on oil and gas production.) The taxpayer is entitled to a deduction representing the amount of tax-cost depletion or percentage (statutory) depletion, whichever is higher.
Industry:Energy
CIF refers to cargos for which the seller pays for the transportation and insurance up to the port of destination.
Industry:Energy
This term refers to a type of sale in which the buyer of the product agrees to pay a unit price that includes the f.o.b. value of the product at the point of origin plus all costs of insurance and transportation. This type of a transaction differs from a "delivered" purchase, in that the buyer accepts the quantity as determined at the loading port (as certified by the Bill of Lading and Quality Report) rather than pay based on the quantity and quality as certained at the unloading port. It is similar to the terms of an f.o.b. sale, except that the seller, as a service for which he is compensated, arranges for transportation and insurance.
Industry:Energy
The multiplier applied to the tonnage produced to compute depletion. This multiplier takes into account both the tonnage recovered and the tonnage lost due to mining.The depletion factor is the reciprocal of the recovery factor in relation to a given quantity of production.
Industry:Energy
The total length in miles of separate circuits regardless of the number of conductors used per circuit.
Industry:Energy
