ROYALTIES
Royalties
A royalty is a usage-based payment made by one party to another for the right to ongoing use of an asset, sometimes an intellectual property . Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation. A royalty interest is the right to collect a stream of future royalty payments, often used in the oil and music industries to describe a percentage ownership of future production or revenues from a given leasehold, which may be divested from the original owner of the asset.The above text is a snippet from Wikipedia: Royalties
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royalties
Noun
The above text is a snippet from Wiktionary: royalties
and as such is available under the Creative Commons Attribution/Share-Alike License.