Royalty

Business, Legal & Accounting Glossary

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Definition: Royalty

Royalty
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Full Definition of Royalty

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/royalty/
Modern Language Association (MLA):
Royalty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/royalty/.
Chicago Manual of Style (CMS):
Royalty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/royalty/ (accessed: April 18, 2024).
American Psychological Association (APA):
Royalty. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/royalty/

Definition Sources

Definitions for Royalty are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.