D-water-right Dictionary
Water Right
The legal permission to take and use a given amount of water
- Plain meaning
- The legal permission to take and use a given amount of water
- How to use it
- Confirm the legal right to the water the venture needs before investing in irrigation.
- South African benchmark
- South Africa licenses agricultural water use under its national water law.
- Country notes
- Each market licenses water use; borehole and river abstraction rules differ by country.
- Calculate it
- No calculator; the term is applied in the venture plan narrative.
Introduced in C9 Climate, Water and Resource Risk.