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royalty

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Royalty
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roy⋅al⋅ty

  [roi-uhl-tee]
Use royalty in a Sentence
–noun, plural -ties.
1. royal persons collectively.
2. royal status, dignity, or power; sovereignty: to be elevated to royalty.
3. a person of royal lineage; member of a royal family.
4. royalties, Archaic. prerogatives, rights, or symbolic emblems of a king, queen, or other sovereign.
5. a royal domain; kingdom; realm.
6. character or quality proper to or befitting a sovereign; nobility.
7. a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
8. an agreed portion of the income from a work paid to its author, composer, etc., usually a percentage of the retail price of each copy sold.
9. a royal right, as over minerals, granted by a sovereign to a person or corporation.
10. the payment made for such a right.
Origin:
1350–1400; ME roialte < OF. See royal, -ty 2
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Royalty
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roy·al·ty   (roi'əl-tē)   
n.   pl. roy·al·ties

    1. A person of royal rank or lineage.

    2. Monarchs and their families considered as a group.

    3. The granting of a right by a monarch to a corporation or an individual to exploit specified natural resources.

    4. The payment for such a right.

    5. A share paid to a writer or composer out of the proceeds resulting from the sale or performance of his or her work.

    6. A share in the proceeds paid to an inventor or a proprietor for the right to use his or her invention or services.

  2. The lineage or rank of a monarch.

  3. The power, status, or authority of a monarch.

  4. Royal quality or bearing.

  5. A kingdom or possession ruled by a monarch.

  6. A right or prerogative of the crown, as that of receiving a percentage of the proceeds from mines in the royal domain.

    1. The granting of a right by a monarch to a corporation or an individual to exploit specified natural resources.

    2. The payment for such a right.

    3. A share paid to a writer or composer out of the proceeds resulting from the sale or performance of his or her work.

    4. A share in the proceeds paid to an inventor or a proprietor for the right to use his or her invention or services.

    1. A share paid to a writer or composer out of the proceeds resulting from the sale or performance of his or her work.

    2. A share in the proceeds paid to an inventor or a proprietor for the right to use his or her invention or services.

  9. A share of the profit or product reserved by the grantor, especially of an oil or mining lease. Also called override.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

royalty

A payment made for some right or privilege, as when a publisher pays a royalty to an author for the author's granting the publisher the right to sell the author's book.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

royalty 
1398," office or position of a sovereign," from O.Fr. roialte, from V.L. *regalitatem (nom. *regalitas), from L. regalis (see royal). Sense of "prerogatives or rights granted by a sovereign to an individual or corporation" is from 1483. From that evolved more general senses, such as "payment to a landowner for use of a mine" (1839), and ultimately "payment to an author, composer, etc." for sale or use of his or her work (1857).
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Royalty

A payment to an owner for the use of property, especially patents, copyrighted works, franchises or natural resources.

Investopedia Commentary

Royalties are usually expressed as a percentage of the revenues obtained through the use of the owner's property.

Related Links

Reading The Balance Sheet
Value By The Book
The Hidden Value Of Intangibles

See also: Commission, Patent, Revenue

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: roy·al·ty
Function: noun
Inflected Form: plural -ties
1 : a right delegated (as to an individual or corporation) by a sovereign
2 a : a share of the profit or product reserved by the grantor esp. of an oil or mineral lease —compare OVERRIDING ROYALTY b : a payment made to an author or composer for each copy of a work sold or to an inventor for each article sold under a patent
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Encyclopedia

royalty

in law, the payment made to the owners of certain types of rights by those who are permitted by the owners to exercise the rights. The rights concerned are literary, musical, and artistic copyright; patent rights in inventions and designs; and rights in mineral deposits, including oil and natural gas. The term originated from the fact that in Great Britain for centuries gold and silver mines were the property of the crown; such "royal" metals could be mined only if a payment ("royalty") were made to the crown

Learn more about royalty with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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