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royalty Definition

roy·alty (ro̵i′əl tē)

noun pl. -·ties

  1. the rank, status, or power of a king or queen; royal position, dignity, etc.; sovereignty
  2. a royal person or, collectively, royal persons
  3. Archaic a royal domain or realm; kingdom
  4. royal quality or character; nobility, magnanimity, etc.
  5. Archaic a right, privilege, or prerogative of a monarch
  6. Rare
    1. a royal right, as over some natural resource, granted by a monarch to a person, corporation, etc.
    2. payment for such a right
    1. a share of the proceeds or product paid to the owner of a right, as a patent, for permission to use it or operate under it
    2. such a share paid to one from whom lands rich in oil or minerals are leased
    3. a share of proceeds, usually a specified percentage, paid for the work of an author, composer, etc. by the publisher

Etymology: ME roialte < OFr < ML regalitas < L regalis, regal

royalty Synonyms

royalty

n.

kingship, queenship, sovereignty, nobility, authority, eminence, distinction, blood, birth, high descent, rank, greatness, power, supremacy, primacy, the crown, suzerainty; see also aristocracy.

Degrees of royalty include: czar, czarina, czarevitch, czarevna, grand duke, grand duchess, shah, emperor, empress, king, queen, prince of Wales, princess of Wales, margrave, margravine, archduke, archduchess, princess royal, queen mother, prince consort, prince, prince regent, dauphin, princess, duke, duchess.

royalty Finance Definition

A payment made for the right to use an asset, invention, or creation calcu-lated as a percentage of the sale price. For example, the holder of a valuable natural resource may receive a royalty from a company that extracts the resource; the amount of the royalty payment depends on the amount of the resource that the company is able to extract. An author may receive a royalty each time one of his or her books sells.

royalty Law Definition

n

  1. A payment made to the creator of an intellectual property (author, inventor, and so on) for each copy of the property that is sold.
  2. A share of the profit derived from real property that is reserved for the owner in exchange for granting a lessee, who is going to mine or drill the mineral rights on that land.

royalty Usage Examples

Converse of object

  • songwrite: How much are songwriting royalties worth for this little exploit?
  • owe: Another server keeps a track of the royalties owed to performers for each sale of their recording.
  • distribute: Runtime copies can be distributed royalty free to unlimited numbers of users.
  • collect: PRS collects royalties from exercise of such rights in the compositions.
  • earn: Authors with print runs set by traditional publishers earn a royalty of 5 to 7 % per copy.
  • pay: I've never been paid all royalties for the five hundred songs I've composed.

Adjective modifier

  • non-exclusive: If you submit information to us, by doing so you give us a non-exclusive royalty free license to use it.
  • mechanical: Artists ' earnings ability is being attacked in other ways - across Europe, mechanical royalties are under attack from increasingly powerful labels.

Modifies a noun

  • payment: Just consider the royalty payments required to use film stills.
  • check: Comment Living Like Royalty: I've just received my first ever royalty check through the post.
  • arrears: The payment by Abbott of royalty arrears and other related payments pursuant to the High Court Judgment are not reflected in these results.
  • income: Unpublished works will generate no royalty income at all.
  • revenue: Assuming approval in the first half of 2003, royalty revenues for CAT from HUMIRA are expected to commence in the 2004 financial year.
  • fee: Seeds would become more expensive, due to royalty fees charged by the patent owner.

Noun used with modifier

  • resale: Should non- EU nationals resident in the UK enjoy resale royalties?
  • re-sale: The UK Re-sale Royalty Right In 1977 the Whitford Committee on Copyright Law reported to the then government on re-sale royalty rights.
  • publishing: In the middle of this trough came an unexpected turn of events which resulted in another windfall in publishing royalties.
  • copyright: Also that all copyright royalties are the entire responsibility of the person or persons placing the order.
  • mining: They also claim that the government will pay out more in export rebates than it will receive in mining royalties.
  • cent: They are in the market for anything from short stories to full-length novels, and pay 37 per cent royalties.

Browse dictionary entries near royalty

  1. ‹ royally
  2. ‹ royalist
  3. ‹ royalism
  4. ‹ royal road
  5. ‹ royal purple
  6. ‹ royal poinciana
  7. ‹ royal palm
  8. ‹ Royal Oak
  9. ‹ royal mast
  10. ‹ royal jelly
  1. Royce ›
  2. rozzer ›
  3. RP ›
  4. RPELPC ›
  5. RPh ›
  6. rpm ›
  7. RPR ›
  8. rps ›
  9. rpt ›
  10. RPV ›