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Finance Dictionary and Glossary of Investment Terms
Royalty
Definition 1.
Payment for the right to use intellectual property or natural resources.
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Definition 2.
A payment made for the use of property, especially a patent, copyrighted work, franchise, or natural resource. The amount is usually a percentage of revenues obtained through its use.
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Definition 3.
A payment to an owner for the use of property, especially patents, copyrighted works, franchises, or natural resources.
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