Mineral Interest: An ownership, lease, concession, or other contractual interest that gives a party the right to explore and extract mineral resources on a property.

 

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Mineral Interest: An ownership, lease, concession, or other contractual interest that gives a party the right to explore and extract mineral resources on a property.

Mineral Lease: A contract in which a mineral interest owner conveys to another party a right to explore for, develop, and produce mineral resources. The lessee acquires a working interest and the lessor re . . . View Full Definition

Mineral Spirits: An effective paint thinner, especially when using oil based paints.

Mineral Rights: Rights to subsurface land and profits. Nornally, when real property is conveyed, it includes everything above and below the surface of the land, except where specified by the grantor.

Mineral: An inorganic substance occurring naturally in the earth's crust which has a characteristic chemical composition. Many minerals are essential nutrients.

Mineralization: The addition of any mineral to the body.

Mineralocorticoids: A group of steroid hormones produced by the adrenal cortex that are important in maintaining electrolyte balance.

Mortgage Interest Deduction: A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence.

Net Interest Cost (NIC): The total amount of interest that will be paid on a debt obligation by a corporate or municipal bond issuer.

Minority Interest: All shareholders whose combined shares represent less than half of the total outstanding shares issued by a corporation have a minority interest in that corporation. In fact, in many cases, . . . View Full Definition