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Royalty
01
kings and queens and any member of their families
Examples
She admired the intricate crowns and jewelry worn by the royalty in historical portraits.
The ceremony was attended by royalty from several countries, adding to its grandeur.
02
a payment made to the author or creator of a work for each copy of the work that is sold
What is a "royalty"?
A royalty is a payment made to authors, creators, or rights holders based on the sales of their work. This payment is typically a percentage of the revenue generated from each sale or a fixed amount per copy sold. Royalties are a way for creators to earn income from their intellectual property, such as books, music, or patents. The specific terms of royalty payments are usually outlined in a contract between the creator and the publisher or producer.
Examples
The author receives a royalty for each copy of their book sold, providing them with income from their creative work.
Musicians earn royalties when their songs are streamed online or played on the radio, ensuring they are compensated for their artistic contributions.
