Royalty
A share of revenue or cash flow to the government or grantor of the concession or license. Compensation (i.e., royalty fees) for the use of intellectual property belonging to another party, usually calculated as a percentage of sales.
A share of revenue or cash flow to the government or grantor of the concession or license. Compensation (i.e., royalty fees) for the use of intellectual property belonging to another party, usually calculated as a percentage of sales.