Online Encyclopedia

ROYALTY (0. Fr. realte, reialte, roya...

Online Encyclopedia
Originally appearing in Volume V23, Page 794 of the 1911 Encyclopedia Britannica.
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ROYALTY (0. Fr. realte, reialte, royaulte, from Med.
See also:
Lat. regalitas, the substantive of regalis, of or belonging to a king, rex)
  , kingly state or personality, hence a royal person, or number of persons of royal birth collectively, a member of a royal
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family . More particularly " royalty " is used of the rights and attributes of a
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sovereign, and especially of dues paid to the
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crown, which belong to the sovereign jure coronae, such as dues from gold and
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silver mines, waifs, estrays, &c . The
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term is usually applied to the payment made by a publisher to an author on every copy of his
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book sold; to the payment made to a patentee on each article manufactured under his patent by a licensee (see
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PATENTS), and to the payment made to the owner of minerals for the right of working, paid on the ton or other
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weight raised .

End of Article: ROYALTY (0. Fr. realte, reialte, royaulte, from Med. Lat. regalitas, the substantive of regalis, of or belonging to a king, rex)
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