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farmout

American  
[fahrm-out] / ˈfɑrmˌaʊt /

noun

  1. an act or instance of farming out or leasing, as land for oil exploration.

  2. something farmed out.

Etymology

Origin of farmout

Noun use of verb phrase farm out

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

He said other options included a farmout, in which an oil company sells a small stake in its assets, or hedging through selling Brent oil futures.

From Reuters • Oct. 12, 2011

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.