royalty

Definitions

General English

Accounting

  • noun money paid to an inventor, writer, or the owner of land for the right to use their property, usually a specific percentage of sales, or a specific amount per sale

Agriculture

  • noun a payment made to plant breeders for the use of seed of registered plant varieties

Theater

  • The legal obligation to pay dramatists a small percentage ofthe box office receipts or a set fee each time their work is performed.In Elizabethan times, plays were purchased by a company from its residentplaywright, who also received a payment if the work was later printed.The first British dramatist to receive a percentage of the profitswas Dion Boucicault, who in 1860 was paid £10,000 by Benjamin Webster (see Webster family), manager of the Adelphi Theatre, for either The Colleen Bawn or The Octoroon. The first US royalty went in 1886 to David Belasco for his play Valerie; this was paid as a fee of $250 a week. The rate of royalties has risen through the years from a standard 5% to, in some cases, 20% or more. see also copyright.

Wine

  • (written as Royalty)
    an unusual red-skinned grape that produces red-coloured juice rather than the more usual white juice when the grapes are pressed. It is grown in small quantities in parts of California, US, and is mainly used in blends.
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