Definition, Meaning & Synonyms
royalty-cheque
noun
ˈrɔɪəlti ˌʧɛk
Definition
A payment made to an individual or organization for the use of their intellectual property or other assets, typically calculated as a percentage of the revenue generated from that use.
Examples
- After the book became a bestseller, the author received a substantial royalty cheque.
- The musician was thrilled when the royalty cheque from streaming services arrived in the mail.
- Each quarter, the inventor eagerly awaited his royalty cheque for the patented product.
Meaning
A royalty cheque is often issued to authors, musicians, inventors, or other creators whose work is being utilized or sold by another party.
Synonyms
- payment
- dividend
- compensation
- licensing fee
