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  2. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_statement

    The creditor's rights against the debtor and the lessor's rights against the lessee are based on the credit documents and the lease, respectively, and not the financing statement. Pursuant to the standards set forth in the UCC, at 9-503 and 9–504, the financing statement need only contain three pieces of information: the debtor's name and address

  3. Accounting for leases in the United States - Wikipedia

    en.wikipedia.org/wiki/Accounting_for_leases_in...

    The Effective Date of the new standard - date at which time all companies must follow the new lease accounting standard when preparing financial statements –is fiscal years beginning after December 15, 2018. As originally released, ASC 842 required companies to restate comparable years in their annual reports.

  4. API well number - Wikipedia

    en.wikipedia.org/wiki/API_well_number

    In 2013, the PPDM Association issued an updated standard for the API Number (now called the US Well Number) which includes a requirement to identify all wellbores within each well. The 1979 standard and the 2013 standard, along with supporting materials, are available at PPDM Association's website for well identification.

  5. Oil and gas law in the United States - Wikipedia

    en.wikipedia.org/wiki/Oil_and_gas_law_in_the...

    Payments to the lessor typically take three forms: bonus, rental, and royalties, as negotiated between the parties. The bonus is an up-front payment made at the time the lease takes effect. The rental is an annual payment, usually made until such time as the property begins producing oil or gas in commercial quantities.

  6. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    In a standard Lease-Purchase Contract, the two parties agree to a lease period during which rent is paid, and the terms of the sale at the end of the lease period, including sale price. Often, the contract is structured in two parts, one representing the lease term and the other a contract of sale.

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

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