Unitize financial definition of unitize
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A system for controlling proliferation of oil and gas wells.Originally,property owners with oil or gas under their land would each dig one or more wells on their property and try to capture as much as they could of the underlying pool, which drained from many properties. One response was the passage of unitization laws by state governments,establishing spacing restrictions on wells and a sharing of profits and expenses among all the owners of the underground pool.
References in periodicals archive
Stretchwrapping is the most common way to unitize
Another reason it's wise to unitize
is the related costs associated with poorly unitized loads.
The smallest cartons are conveyed to a conventional fixed palletizer that neatly unitizes
The system that unitizes
and protects the loads during long sea voyages has a floor-anchored design and a fully automated, 4,000-pound capacity conveyor system.
bundled loads of products--from construction materials like lumber and brick, to primary packaging containers, including beverage bottles and cans.