Royalty

Type: Concept

As of November 2026, Royalty has been mentioned in one podcast episode on Stuff You Should Know (Feb 2026). Appears in listener mail explaining purple's association with royalty (and Jesus Christ) in some funeral traditions.

A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation. A royalty interest is the right to collect a stream of future royalty payments.