royalty(redirected from royal)
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Payment for the right to use intellectual property or natural resources.
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.
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.
royaltyan 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.
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.
A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation.