ROYALTY Definition

Bookmark and Share

ROYALTY is the share of the product, or of the proceeds realized from the product, reserved by an owner for permitting another entity to exploit and use that entity's property, i.e. it is the rental paid to the original owner of property based upon a percentage of sales, profit or production. Royalty can involve literary works, inventions, and other intellectual property, as well as mining leases and conveyances.

Learn new Accounting Terms

RECEIVING is to get something or come into possession of something. In a company it can be a location where goods are received.

UPSTREAM / DOWNSTREAM SALES is normally associated with inter-company sales: Upstream is a subsidiary selling into the parent entity; while downstream is the parent selling into a subsidiary.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.