Question

what do you mean by royalty?explain it.

Answer 1

Compensation, consideration, or fee paid for a license or privilege to use an intellectual property (brand, copyright, patent, process) or a natural resource(fishing, hunting, mining), computed usually as a percentage of revenue or profitrealized from the use. See also technology licensing.

USAGE EXAMPLES

The song was so successful twenty years after the recording of their first hit, the band still received a royalty.

Answer 2

totality is a person who is a legend or a king,and his passion is called royality. in some days ago the king are live in royal house and his daily life and they are known as royality. thanks...