Definition of First purchase price

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TeachMeFinance.com - explain First purchase price



First purchase price

The term 'First purchase price' as it applies to the area of energy can be defined as ' The price for domestic crude oil reported by the company that owns the crude oil the first time it is removed from the lease boundary'.

Previous 5 Terms:
Firn (Snow)
Firn Line
first detection
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First purchase (of crude oil)
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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