royalty

royalty
/roy"euhl tee/, n., pl. royalties.
1. royal persons collectively.
2. royal status, dignity, or power; sovereignty: to be elevated to royalty.
3. a person of royal lineage; member of a royal family.
4. royalties, Archaic. prerogatives, rights, or symbolic emblems of a king, queen, or other sovereign.
5. a royal domain; kingdom; realm.
6. character or quality proper to or befitting a sovereign; nobility.
7. a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
8. an agreed portion of the income from a work paid to its author, composer, etc., usually a percentage of the retail price of each copy sold.
9. a royal right, as over minerals, granted by a sovereign to a person or corporation.
10. the payment made for such a right.
[1350-1400; ME roialte < OF. See ROYAL, -TY2]

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▪ law
      in law, the payment made to the owners of certain types of rights by those who are permitted by the owners to exercise the rights. The rights concerned are literary, musical, and artistic copyright; patent rights in inventions and designs; and rights in mineral deposits, including oil and natural gas. The term originated from the fact that in Great Britain for centuries gold and silver mines were the property of the crown; such “royal” metals could be mined only if a payment (“royalty”) were made to the crown.

      It is uncommon for the author of a book to be in a position to exploit it fully himself; he requires the resources of a publishing organization. Similarly, a playwright needs the services of a theatrical management and actors to perform his play and a publisher to produce and sell copies of its text. A musical composer must arrange for the performance of his work, for the sale of copies, and for the making of recordings. An artist, if he wants to make any profit from a picture beyond the price that he obtains for it, must arrange for reproductions to be published in books and as prints. An individual inventor without capital or plant must license others to manufacture his invention. When owners of rights make arrangements for such exploitation by others, the remuneration that they receive in exchange is often in the form of a royalty, usually based on the actual extent of the exploitation.

      Mineral deposits have nothing in common with the fruits of intellectual and artistic endeavour, the subject of the other rights mentioned above, except that they are often exploited by persons other than the owners upon payment of royalties.

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Universalium. 2010.

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Look at other dictionaries:

  • royalty — roy·al·ty n pl ties 1: a right delegated (as to an individual or corporation) by a sovereign 2 a: a share of the profit or product reserved by the grantor esp. of an oil or mineral lease compare overriding royalty b: a payment made to an author… …   Law dictionary

  • royalty — ⇒ROYALTY, IES, subst. fém. Gén. au plur. A. Redevance(s), ensemble de redevances dues, en échange d un droit d exploitation ou de passage, au propriétaire d un terrain, au gouvernement d un pays étranger par la société qui exploite un gisement… …   Encyclopédie Universelle

  • Royalty — Roy al*ty, n.; pl. {Royalties}. [OF. roialt[ e], royault[ e], F. royaut[ e]. See {Royal}, and cf. {Regality}.] 1. The state of being royal; the condition or quality of a royal person; kingship; kingly office; sovereignty. [1913 Webster] Royalty… …   The Collaborative International Dictionary of English

  • Royalty — may refer to: * A royal family (by extension the ruling house of any monarchy, regardless of the title), or one or more of its members * Royalties, the payment made (originally to the licensing crown) for a concession of commercial value (e.g.… …   Wikipedia

  • Royalty — (auch California S 26 oder Royalti) ist eine rote Rebsorte. Es handelt sich um eine Neuzüchtung des Jahres 1938 von Harold Olmo zwischen den Sorten Alicante Ganzin und Trousseau. Die Kreuzung erfolgte an der University of California in Davis in… …   Deutsch Wikipedia

  • royalty — {{hw}}{{royalty}}{{/hw}} spec. al pl. Percentuale sugli utili corrisposta a chi concede lo sfruttamento di giacimenti petroliferi, miniere, brevetti e sim. | Percentuale che l editore paga all autore per ogni copia di libro venduto. ETIMOLOGIA:… …   Enciclopedia di italiano

  • royalty — Voz inglesa que se usa con frecuencia en español, normalmente en la forma plural royalties, para designar la cantidad que se paga al propietario de un derecho a cambio del permiso para ejercerlo y, en especial, el dinero que debe percibir el… …   Diccionario panhispánico de dudas

  • royalty — late 14c., office or position of a sovereign, from O.Fr. roialte, from V.L. *regalitatem (nom. *regalitas), from L. regalis (see ROYAL (Cf. royal)). Sense of prerogatives or rights granted by a sovereign to an individual or corporation is from… …   Etymology dictionary

  • royalty — |róialti| s. m. Valor que corresponde ao pagamento pela publicação, utilização ou comercialização de obra, patente, marca, etc. (Mais usado no plural.) • Plural: royalties.   ‣ Etimologia: palavra inglesa …   Dicionário da Língua Portuguesa

  • royalty — /ˈrɔjalti, ingl. ˈrɔɪəltɪ/ [vc. ingl. «regalità»] s. f. inv. percentuale □ diritti d autore, diritti sulle vendite …   Sinonimi e Contrari. Terza edizione

  • royalty — (plural royalties; del inglés; pronunciamos roya l ti ) sustantivo masculino 1. Pago que una persona o empresa debe hacer al titular de una obra, patente, invento o cosa parecida, como derecho por explotarlos comercialmente …   Diccionario Salamanca de la Lengua Española

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