ROYALTY Definition

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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

NET LOSS is the amount by which total of costs and expenses exceeds total revenue in an accounting period.

YELLING MARKETS refers to markets where transactions involve the yelling of prices and quantities during the transaction.

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