U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter I > Part IV – Mineral Production Payments
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§ 636 | Income tax treatment of mineral production payments |
Terms Used In U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter I > Part IV - Mineral Production Payments
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- person: shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation. See 26 USC 7701
- Secretary: means the Secretary of the Treasury or his delegate. See 26 USC 7701
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- transaction: includes a series of transactions. See 26 USC 7701