Royalty vs License - What's the difference?
royalty | license |
The rank, status, power or authority of a monarch.
People of royal rank, plus their families, treated as a group.
A royal right or prerogative, such as the exploitation of a natural resource; the granting of such a right; payment received for such a right
The payment received by an owner of real property for exploitation of mineral rights on his property.
(by extension) payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
(poker, slang) A king and a queen as a starting hand in Texas hold 'em
(label) A legal document giving official permission to do something; a permit.
(label) The legal terms under which a person is allowed to use a product, especially software.
(label) Freedom to deviate deliberately from normally applicable rules or practices (especially in behavior or speech).
(label) Excessive freedom; lack of due restraint.
* 1936 , , The Story of Civilization , page 520:
(label) An academic degree, the holder of which is called a licentiate, ranking slightly below doctorate, awarded by certain European and Latin-American universities.
The act of giving a formal (usually written) authorization.
* {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=68, magazine=(The Economist)
, title= Authorize officially.
As nouns the difference between royalty and license
is that royalty is the rank, status, power or authority of a monarch while license is a legal document giving official permission to do something; a permit.As a verb license is
the act of giving a formal (usually written) authorization.royalty
English
Noun
(royalties)References
* Weisenberg, Michael (2000)The Official Dictionary of Poker. MGI/Mike Caro University. ISBN 978-1880069523 ----
license
English
Alternative forms
* (UK) licence (noun)Noun
- Even if you bought this product, it does NOT belong to you. You have a license to use it under the terms of this agreement, until you breach this agreement.
- When liberty becomes license dictatorship is near.
Usage notes
* In British English, Canadian English, Australian English, Irish English, and New Zealand English the noun is spelt licence'' and the verb is ''license . * The spelling licence is not used for either part of speech in the United States.Verb
(licens)T time, passage=The ability to shift profits to low-tax countries by locating intellectual property in them, which is then licensed to related businesses in high-tax countries, is often assumed to be the preserve of high-tech companies.}}