Royalty Income

Definition

  • Payments or money received for the use and exploitation of certain kinds of property, such as artistic or literary works, patents, and mineral rights.

Synonyms
reimbursement, drawings, compensation, share of a profit, slice, allowance

Alternate Spellings
royalties

Related Terms and Acronyms

  • Cash Flow Definition,
    • The money an investment produces after subtracting cash expenses from income.
  • Franchise Definition,
    • The right to sell products or services under a corporate name or trade mark (established by someone else). This right is usually purchased for cash in addition to a royalty fee on, or a percentage of, all sales.
  • Gross Income Definition,
    • Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.
  • Income Definition,
    • The money earned in a specific time period.
  • Investment Income Definition,
    • Income that is earned from investments such as interest, dividends, and capital gains.
  • Unearned Income Definition,
    • Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.
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