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 ?
In fact, about four o'clock they were all concentrated about the Palais Royal, the courts and ground floors of which were filled with musketeers and Swiss guards, and there awaited the outcome of all this disturbance.
The valet held a wax-light; the cardinal took a key from his bureau and opening the door of a secret stair descended into the court of the Palais Royal.
Monsieur," said his royal highness in his turn, "you will offer my thanks to M.
Thus for a time the rupture between De Montfort and his king was healed, and although the great nobleman was divested of his authority in Gascony he suffered little further oppression at the hands of his royal master.
I called you, Padwar," she said to the lieutenant of the guard, "to protect the person of your princess, and to keep the peace that must not be violated within the royal gardens of the jeddak.
Thus Thuvia of Ptarth found a way out of a dilemma, escaping the necessity of placing her father's royal guest under forcible restraint, and at the same time separating the two princes, who otherwise would have been at each other's throat the moment she and the guard had departed.
That night he took formal leave of Thuvan Dihn, and though no mention was made of the happening within the garden, it was plain to see through the cold mask of the jeddak's courtesy that only the customs of royal hospitality restrained him from voicing the contempt he felt for the Prince of Dusar.
Before long the cavalcade arrived at the royal palace, where a great crowd of people had gathered to welcome their Queen and her ten children.
So the Queen placed a big crown of gold, set with rubies, upon Evardo's head, and threw an ermine robe over his shoulders, and proclaimed him King; and he bowed gratefully to all his subjects and then went away to see if he could find any cake in the royal pantry.
Then the King took counsel with himself and sent an order to the Simpleton that he was to have a bath, in a bath-room at the royal palace, and after that the betrothal should take place.
So he sent him royal robes and costly jewels, and commanded him to come to the palace to be married to the Princess.
And he not only patted their Royal escort, but even hugged him round the neck in the exuberance of his delight.