Define: Depletion

Depletion
Depletion
Quick Summary of Depletion

Depletion in law refers to the reduction or exhaustion of natural resources, typically in the context of environmental or property law. It often involves the overuse or exploitation of resources such as minerals, forests, or water, leading to their depletion beyond sustainable levels. Legal frameworks may be established to regulate and manage resource extraction to prevent or mitigate depletion, ensuring the long-term sustainability and conservation of natural resources for future generations. Depletion laws may include regulations, permits, and environmental impact assessments to address the adverse effects of resource exploitation on ecosystems, communities, and the environment.

What is the dictionary definition of Depletion?
Dictionary Definition of Depletion
n. when a natural resource (particularly oil) is being used up. The annual amount of depletion may, ironically, provide a tax deduction for the company exploiting the resource because if the resource they are exploiting runs out, they will no longer be able to make money from it.
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This glossary post was last updated: 29th March 2024.

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