royalty
Definition
Compensation, consideration, or fee paid for a license or privilege to use an intellectual property (brand, copyright, patent, process) or a natural resource (fishing, hunting, mining), computed usually as a percentage of revenue or profit realized from the use. See also technology licensing.
royalty is in the Corporate, Commercial, & General Law subject.
royalty appears in the definitions of the following terms:
running royalty,
crown jewels,
portfolio income,
unearned income,
licensing agreement,
income,
cross-licensing,
residual income,
franchising,
Bowie Bond
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/royalty.html
email to a friend
print this definition
cite this definition
link to this page







