Royalties

A royalty is a sum paid to the creator of performance art for the use of that art. It is also a sum of money paid for the use of a license, or for use of works covered by copyright, patent, registered design or trademark.

Related Topics:
License - Copyright - Patent - Registered design - Trademark

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The word is usually used in the plural.

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Compare to residuals and royalty free music.

Related Topics:
Residuals - Royalty free music

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Royalties are also taxes levied on minerals extracted in accordance with a mining licence.

Related Topics:
Mineral - Mining

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