First purchaser

First purchaser
  A firm that acquires ownership of domestic crude oil by a first purchase transaction. Physical custody of the crude oil is not a prerequisite. In the case of multiple owners, only one firm should report to avoid double-counting.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

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  • first purchaser — He who first acquired the estate to his family, whether the same was transferred to him by sale or by gift, or by any other method, except only that of descent. Blair v Adams (CC Tex) 59 F 243, 247 …   Ballentine's law dictionary

  • purchaser — One who acquires real property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; vendee. One who has contracted to purchase property or goods. Also, a successful… …   Black's law dictionary

  • purchaser representative — USA If non accredited investors are solicited in a private placement of securities, the issuer must reasonably believe that each investor has sufficient knowledge and experience in financial and business matters, either alone or with the aid of a …   Law dictionary

  • First-sale doctrine — This article is about the first sale doctrine as applied to copyright. For the analogous first sale doctrine applicable to patents, see Exhaustion doctrine. The first sale doctrine is a limitation on copyright that was recognized by the Supreme… …   Wikipedia

  • purchaser in bad faith — An inexact terminology for a purchaser who does not qualify as a bona fide purchaser because of notice of defects in title and outstanding equities. Forbes v First Nat. Bank, 21 Okla 206, 95 P 785 …   Ballentine's law dictionary

  • First-sale doctrine (patent) — Under the first sale doctrine, the first unrestricted sale of a patented item exhausts the patentee s control over that particular item. It generally is asserted as an affirmative defense to charges of patent infringement, but less commonly is… …   Wikipedia

  • First purchase — (of crude oil)   An equity (not custody) transaction commonly associated with the transfer of ownership of crude oil coupled with the physical removal of the crude oil from a property (lease) for the first time. A first purchase normally occurs… …   Energy terms

  • Right of first refusal — (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In… …   Wikipedia

  • rights of first refusal — USA This requires an equity holder in a company (such as a stockholder or a member) to offer to sell its equity to the other holders after receiving a bona fide third party offer. The offer to the other holders must typically be made on… …   Law dictionary

  • National Tracing Center — The National Tracing Center (NTC) of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is the sole firearms tracing facility in the United States. It provides information to provide federal, state and local law enforcement agencies… …   Wikipedia

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