| 单词 | royalty |
| 释义 | royalty A payment made for the right to use the property of another person for gain. This may be an intellectual property, such as a copyright (e.g. in a book) or a patent (e.g. in an invention). It may also be paid to a landowner, who has granted mineral rights to someone else, on sales of minerals that have been extracted from his land. A royalty is regarded as a wasting asset as copyrights, patents, and mines have limited lives. |
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