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annulation

   Also found in: Wikipedia 0.04 sec.
an·nu·la·tion  (ny-lshn)
n.
1. The act or process of forming rings.
2. A ringlike structure, segment, or part.

annulation [ˌænjʊˈleɪʃən]
n
1. the formation of rings
2. a ringlike formation or part


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This $75,000 payment added to the $25,000 made on September 8th 1995 completes Placer's obligations regarding the acquisition, for annulation, of the 6 percent "net profit royalty" on the Goldboro property.
 
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