From Longman Business Dictionaryroyalty paymentˈroyalty ˌpayment1[countable]FINANCELAW a payment made to a writer, musician etc that depends on how many of their books, records etc have been sold, played etca dispute over royalty payments between a publisher and one of its authors2[countable]FINANCELAW a payment made to a company or person that has invented or developed a product by the company that sells itThe company will receive royalty payments based on product sales. → payment
