royalty

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Royalty

Payment for the right to use intellectual property or natural resources.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
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.
"I wish to visit in person the outposts which surround the Palais Royal; do you suppose that there is any danger in so doing?"
At length the royal bargain was concluded; the necessary supply of hogs obtained, besides several goats, two sheep, a quantity of poultry, and vegetables in abundance.
In this way he greatly increased the royal revenue, and turned his China speculation to account.
The king has done me the honor to appoint me his marechal-des-logis for this journey, and as I knew with what joy his majesty would pass a day at Blois, I venture to ask your royal highness's permission to mark the house you inhabit as our quarters.
"Monsieur," said his royal highness in his turn, "you will offer my thanks to M.
He fairly turned green with rage when he saw Sir Richard of the Lea and Robin Hood in the royal company, but made low obeisance to his master.
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.
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.
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.
"I shall escort them myself," his Majesty repeated, gently but firmly, laying aside the Royal robes, and changing his crown for a small coronet, "and you may stay at home."