It covers both domestic and foreign trade. Our glossary of business terms provides definitions for common terminology and acronyms in business plans accounting finance and other aspects of small business.

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Glossary of business terms Adjective adj Headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used.

Business law terms dictionary. The term commercial law describes a wide body of laws that govern. A rule of conduct or action that a nation or a group of people agrees to follow. A rule or principle that always works the same way under the same conditions the law of gravity.

Business Law and Legal Definition. These laws can be enacted by. The Small Business Law glossary gives you access to definitions for the Small Business Law legal terminology commonly used in documents and court proceedings.

Common law is a body of unwritten laws based on legal precedents and will often guide court judgments and rulings when the outcome cannot be determined based on existing statutes or written rules. The easiest-to-read most user-friendly guide to legal terms. Related Legal Terms and Issues Damages A monetary award in compensation for a financial loss loss of or damage to personal or real property or an injury.

A business is defined as an organization or enterprising entity engaged in commercial industrial or professional activities. Search more than 10000 legal words and phrases for clear definitions written in plain language. A whole collection of established rules the law of the land.

Commercial law includes all aspects of business including advertising and marketing collections and Bankruptcy banking contracts negotiable instruments Secured Transactions and trade in general. A complete collection of every document filed in court in a case. To start and run a business you often need to understand business terms that may not be well defined in a standard dictionary.

Police entry 2 sense 1. Definition of Business Law. The 2nd edition has over 15K legal terms for your business and research use.

The law as established in previous court. Contract law is the center of many business dealings and anyone entering into a contract should that failing to abide by the contract even by mistake could result in serious problems. This includes all of the laws that govern how to start buy manage and close or.

Other popular areas include insurance wills and estate planning and consumer and creditor protection. This Small Business Law glossary will help you understand the legal terms and phrases which are relevant to business organizations licensing and other areas of Small Business law. It also regulates trade between states.

Business law encompasses all of the laws that dictate how to form and run a business. An easy-to-understand guide to the language of law from the dictionary experts at Merriam-Webster. A bill passed by a legislature.

Created by the Legal Education Group in the tradition of worlds widely cited and best-selling legal reference Blacks Law Dictionary. C Capital offense. A crime punishable by death.

Business law also called commercial law or mercantile law the body of rules whether by convention agreement or national or international legislation governing the dealings between persons in commercial matters. To explore this concept consider the following contract law definition. An exchange of promises by which each party makes a gain and suffers a detriment.

Noun n The codes C and U show whether a noun or a particular sense of a noun is countable an agenda two agendas or uncountable. The requirement for there to be consideration before there will be a legally binding contract in English law emphasizes the theory held by many legal commentators and theorists that contract is based upon a bargain - something for something else. Defendant A party against whom a person has filed a lawsuit in civil court or who stands accused of or charged with a crime or offense.

Business law which is also referred to as mercantile or commercial law is the group of rules that governs the dealings between individuals or companies involved in commercial matters. The second book in a new series this handbook includes accurate clear definitions to more than 3000 business law key words and phrases. Businesses can be for-profit entities or they can be non-profit.

Business Law and Legal Definition Business law encompasses the law governing contracts sales commercial paper agency and employment law business organizations property and bailments. A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes. International or national legislation.

The Law Dictionary features Blacks Law Dictionary the trusted legal dictionary of law definitions and terms for over 100 years.

In directional drilling the angle ex-. American Petroleum Institute API n.

Oil Gas Terminology A To Z 500 Nos Oil And Gas Dictionary Terminology Of Oil And Gas Industry Youtube

PHASE Phasor Processing Log.

Oil and gas abbreviation dictionary. An area covered by a lease granted for oil and gas exploration. OBEVA - OBDT Evaluation Report. 1C Proved Contingent Resources.

Naphthas middle distillates reformer feeds residual fuel oil and heavy gas oil and other petroleum eg. ACQ Annual contract quantity. PHC Passive Heave Compensator.

BHP Bottom Hole Pressure The abbreviation for bottom-hole pressure. OCIMF - Oil Companies International Marine Forum. Orton Gillingham dsylexia treatment approach.

OBM - Oil-Based Mud. Obstetrics. STOOIP Stock Tank Oil Originally in Place.

Bbl Barrel In the oil and gas industry a barrel is 42 US. We have provided this list for reference as a convenience to our readers and it is not meant to be all inclusive or compatible with all domestic or international areas as these abbreviations and acronyms may vary based on location. PGP Possible Gas production.

Means of holding the deadline to the derrick or substructure. 1P Proven reserves. PHPU Platform Hydraulic Power Unit.

Oil trade organiza-tion that is ta major standards-development organiza-tion for the oil and gas industry. OBM - Oil Based Mud. 2C Proved and probable Contingent Resources.

PHPA Partially Hydrolyzed Polyacrylamide mud PHYFM Physical Formation Log. List of acronyms in oil and gas exploration and production from A to L 20170617. A refining process for treating petroleum fractions from atmospheric or vacuum distillation units eg.

Schlumberger technical experts review definitions to ensure accuracy while maintaining objectivity. Canadian Association of Oilwell Drilling Contractors. BC Oil and Gas Commission Version 111 published.

Oil Gas Terms in Category B Blowout preventer operating and control system The assembly of pumps valves lines accumulators and other items necessary to open and close the blowout preventer equipment. Barrels of Oil Equivalent bbls of oil equivalent BSW. Oil and Gas Glossary and Definitions VERSION 111.

PHOL Photon Log. O. OCL - Quality Control Log.

Any method used to raise oil to the surface through a well after reservoir pressure has declined to the point at which the well no longer produces by means of natural energy. The pressure at which the first bubbles of gas appear from the liquid phase. Usually this is the primary ele-ment of the weight indicator.

List of most popular Oil Field terms updated in January 2021. These are some of the most commonly used oil and gas abbreviations. Barrels per Calendar Day.

December 2020 Uncontrolled copy once downloaded. OBC - Ocean Bottom Cable Seismic OBCS - Ocean Bottom Cable System. Gallons measured at 60o Fahrenheit.

A chemical added to a product to improve its properties. The oil and gas industrys reference work. An acronym listing provides common abbreviations used by the Commission and the Regulations and Legislation page echoes the.

Bottom Sediments of Water. Since 1998 the Oilfield Glossary has been helping technical generalists and experts alike increase their understanding of oilfield activities. Offshore Oil and Gas Industry Abbreviations and Acronyms CLG Core Log And Graph CLUP Coastal Land Use Plan CM Choke Module CMP Coastal Management Program CMP Common Midpoint Geophysics CNCF Field Normalised Compensated Neutron Porosity CND Compensated Neutron Density CNFDP Cnfd True Vertical Depth Playback Log CNG Compressed Natural Gas.

PHB Pre-Hydrated Bentonite. Acronym for basic sediment and water. A rounded rock fragment greater than 256 mm in diameter.

The amount of gas delivery specified for each contract year in a gas supply contract. Oil or gas in placed OIP GIP before the start of production is known as Oil or Gas Originally in Place or Initially in Place. Browse the list of 986 Oil Field abbreviations with their meanings and definitions.

The oil and gas industry uses many common abbreviations and acronyms. OBDTL - OBDT Log. 2D two-dimensional geophysics 2P proved and probable reserves.

PH Phasor Log. Billion Cubic Feet of gas Equivalent. PI Productivity Index.

Abbreviation for barrels of oil per day. GIIP Gas Initially in Place. Cat cracked naphtha coker naphtha gas oil etc in the presence of catalysts and substantial quantities of hydrogen.

Physical cash commodities as opposed to futures commodities. 3C three components seismic acquisition xy and z. Sucker rod pumps gas lift hydraulic pumps and submersible electric pumps are the most common forms of artificial lift.

PGOR Produced Gas Oil Ratio. BCF The abbreviation for billion cubic feet of gas.