unitization
/ˌjunɪtɪˈzeɪʃən/
noun
- The process of combining or organizing things into a single unit or system.
- The unitization of the company's departments improved communication.
- The factory's unitization of production steps reduced waste.
- Unitization of the data made it easier to analyze.
- In business or law, the combining of separate properties or assets into one operating unit, especially for oil and gas extraction.
- The oil companies agreed to unitization of the field to share resources.
- The legal team finalized the unitization contract for the gas reserve.
- Unitization allowed the landowners to receive fair royalties.
Antonyms