farmout
Americannoun
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an act or instance of farming out or leasing, as land for oil exploration.
-
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
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