Royalty
This is an old revision of this page, as edited by Quidam65 (talk | contribs) at 16:37, April 21, 2020. It may differ significantly from current revision.
A royalty is a form of income received for giving the rights to another person or entity to use a product or right that the first person owns.
Royalties are common in two areas:
- The entertainment industry (whereby the writers of a song or film receive royalties each time a song or film is played)
- The mineral industry (for example, a landowner who's property has minerals underneath it -- most commonly crude oil and natural gas -- will receive a portion of the sale of any oil and gas produced)