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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Royalty  

Definition 1.

Payment for the right to use intellectual property or natural resources.
 

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.
 

Definition 3.

A payment to an owner for the use of property, especially patents, copyrighted works, franchises, or natural resources.
 
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