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Patent vs Royalty - What's the difference?

patent | royalty |

As nouns the difference between patent and royalty

is that patent is a declaration issued by a government agency declaring someone the inventor of a new invention and having the privilege of stopping others from making, using or selling the claimed invention; a letter patent while royalty is the rank, status, power or authority of a monarch.

As a verb patent

is to successfully register an invention with a government agency; to secure a letter patent.

As an adjective patent

is open, unobstructed, expanded.

patent

English

(wikipedia patent)

Etymology 1

Short form of (etyl) lettre patente'', "open letter", from (etyl) ''littera patens .

Noun

(en noun)
  • A declaration issued by a government agency declaring someone the inventor of a new invention and having the privilege of stopping others from making, using or selling the claimed invention; a letter patent.
  • * {{quote-magazine, date=2013-06-08, volume=407, issue=8839, page=55, magazine=(The Economist)
    • , title= Obama goes troll-hunting , passage=The solitary, lumbering trolls of Scandinavian mythology would sometimes be turned to stone by exposure to sunlight. Barack Obama is hoping that several measures announced on June 4th will have a similarly paralysing effect on their modern incarnation, the patent troll.}}
  • A specific grant of ownership of a piece of property; a land patent.
  • Patent leather]]: a [[varnish, varnished, high-gloss leather typically used for shoes and accessories.

    • Verb

    (en verb)
  • To successfully register an invention with a government agency; to secure a letter patent.
  • * {{quote-magazine, date=2013-06-21, author= Karen McVeigh
    • , volume=189, issue=2, page=10, magazine=(The Guardian Weekly) , title= US rules human genes can't be patented , passage=The US supreme court has ruled unanimously that natural human genes cannot be patented , a decision that scientists and civil rights campaigners said removed a major barrier to patient care and medical innovation.}}

    Etymology 2

    From (etyl) patent, from (etyl), from (etyl) .

    Adjective

    (en adjective)
  • (biology) open, unobstructed, expanded.
    • That is a patent ductus arteriosus.
  • explicit and obvious.
    • Those claims are patent nonsense.
  • (of flour) that is fine, and consists mostly of the inner part of the endosperm
  • Open; unconcealed; conspicuous.
  • * Motley
    • He had received instructions, both patent and secret.
  • Open to public perusal; said of a document conferring some right or privilege.
    • letters patent
  • Protected by a legal patent.
    • a patent''' right; '''patent medicines
  • * Mortimer
    • Madder in King Charles the First's time, was made a patent commodity.
    Derived terms
    * patently

    Anagrams

    * ----

    royalty

    English

    Noun

    (royalties)
  • 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

    • References

    * Weisenberg, Michael (2000) The Official Dictionary of Poker. MGI/Mike Caro University. ISBN 978-1880069523 ----