| 释义 |
royalty
n. A sum payable for the right to use someone else’s property for the purpose of gain. Royalties are paid on wasting assets, which have a limited lifespan. For example, the royalty paid by a licensee to mine someone’s land is a fixed sum per tonne of the mineral he extracts, and an author’s royalty is similarly determined by the total number of his books the publisher sells. Royalties are paid generally for the licensing of intellectual property. |