royalty

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Royalty

Payment for the right to use intellectual property or natural resources.

Royalty

A fee that one receives in exchange for allowing another party to use and profit from one's property. For example, a publisher who prints and sells a book must compensate the author for use of his/her intellectual property. Usually a royalty is a percentage of the revenue or profit that the other party (in this example, the publisher) makes.

royalty

The compensation that is paid to the owner of an asset based on income earned by the asset's user. For example, an oil company pays royalties to the owners of mineral rights, and a book publisher compensates its authors with royalty payments.

royalty

an agreed payment made to the owner of an INTELLECTUAL PROPERTY RIGHT, for example, a PATENT or COPYRIGHT, for the grant of an exclusive or nonexclusive LICENCE or FRANCHISE to produce and sell for profit the item concerned.

royalty

Compensation for the use of property,usually copyrighted material or minerals,including oil and gas. Payment is generally calculated as a percentage of receipts and may be paid in cash or in kind.

Royalty

A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation.
References in classic literature ?
Chaka dreamed this also," I went on: "that one of you, the princes, held his royal spear.
The King and Queen dismounted from their steeds, ascended the steps of the royal box, and seated themselves upon two thrones, decked with purple and gold trapping, upon a dais sheltered by striped canvas.
I replied that I had but one voice, and that I had not been aware that his Royal Highness had two.
They wished only to be allowed to fall on their knees before their sovereign, and that they might move her to compassion; but they were prevented by the royal guard and the queen proceeded on her way, haughtily disdainful of their entreaties.
Take this key, and keep it safe until myself, or some other Royal Governor, shall demand it of you.
A moment's delay, however, would be disagreeable to his royal highness.
The captain was desirous, however, of purchasing a number of hogs, but there were none to be had -The trade in pork was a royal monopoly, and no subject of the great Tamaahmaah dared to meddle with it.
As I entered the royal presence the jeddak rose, and stepping from the dais which supported his magnificent throne, came forward to meet me--a mark of distinction that is seldom accorded to other than a visiting ruler.
But still their hearts beat high during Sir Francis M 's address, which certainly was the finest oratorical success that the Royal Geographical Society of London had yet achieved.
You had, then, a right to reign, seeing that it is disputed; you had a right to be proclaimed seeing that you have been concealed; and you possess royal blood, since no one has dared to shed yours, as that of your servants has been shed.
At touch of the man's hand upon her flesh the girl went pallid beneath her coppery skin, for the persons of the royal women of the courts of Mars are held but little less than sacred.
They played the National air called "The Oz Spangled Banner," and behind them were the standard bearers with the Royal flag.