WAYBILL Definition

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WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

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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.

CASH PROFIT is profit after tax plus depreciation.

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