Royalty

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..... of occupation allowed by contract between them. 'Royalty' is a share of the product or profit (as of a mine, forest, etc.) reserved by the owner for permitting another to use his property." Stroud's Judicial Dictionary of Words and Phrases: "the word 'royalties' signifies, in mining leases, that part of the reddendum which is variable, and depends upon the quantit .....

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..... nt to a grantor or lessor, on the working of the property leased, or otherwise on the profits of the grant of lease. The word is especially used in reference to mines, patents and copyrights." Prem's Judicial Dictionary: "Royalties are payments which the Government may demand for the appropriation of minerals, timber or other property belonging to the Government. Two important fea .....

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