Online Encyclopedia

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

Online Encyclopedia
Originally appearing in Volume V23, Page 794 of the 1911 Encyclopedia Britannica.
Spread the word: del.icio.us del.icio.us it!
ROYALTY (0. Fr. realte, reialte, royaulte, from Med. 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 family. More particularly " royalty " is used of the rights and attributes of a sovereign, and especially of dues paid to the crown, which belong to the sovereign jure coronae, such as dues from gold and silver mines, waifs, estrays, &c. The term is usually applied to the payment made by a publisher to an author on every copy of his book sold; to the payment made to a patentee on each article manufactured under his patent by a licensee (see PATENTS), and to the payment made to the owner of minerals for the right of working, paid on the ton or other 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)
[back]
THE ROYAL SOCIETY
[next]
ROYAN

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click and select "copy." Paste it into a website, email, or other HTML document.