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 periodicals archive ?
This production could be the surest sign of all that the old Royal Ballet, as the world loved it, is back in business, and--in that manner of back to the future--definitely moving up.
In 1990 he began working on the prefab building concept that would become the patented Royal Building System.
Royal & SunAlliance writes both commercial and personal business, though commercial lines dominates the business.
I had done it for a very long time and I had always wanted to be on the Royal swim team,'' Creek said.
Appointed in September 2002 for a second stint as the Royal Danish artistic leader, Andersen extends the family metaphor to the atmosphere he has fostered in the company, a fact confirmed by the dancers.
San Marcos' Ivan Castro tackles Royal of Simi Valley's Danny Mosier during Friday night's playoff game.
In addition to his play, Laszlo also has served as an inspiration for Royal this season.
Additionally, in the main building for the first time there are rehearsal and practice studios for the Royal Ballet, which ever since it moved to Covent Garden fifty-five years ago was a long subway ride away in far-off Hammersmith.
With the acquisition of Royal Group just a month old, Mr.
Royal had plenty of chances to win the game with corner kicks, throw-ins to the box and shots in front of the net.
Although the fly-on-the-wall documentary series was not the cause of the Royal Opera House's problems, it alerted a broad viewing public to backstage crises, financial brinkmanship, and seat-of-the-pants management decisions.
Lord Michael Sandberg, CBE, Peer House of Lords, former World Chairman and CEO of HSBC, former Chairman Royal Hong Kong Jockey Club, and Chairman of the Advisory Boards of both Royal Indian Raj International Corporation and Global Lottery Corporations states, "I am pleased with the professionalism of the Officers and Directors of both companies in securing such a large credit facility sufficient to bid for both large and small Lottery Contracts Worldwide.