# Royalty

*Last updated: 2026-01-28*

A royalty is a fee paid by a licensee to the owner of an asset (such as a patent, trademark, software, or copyrighted material) for the ongoing right to use that asset in production, distribution, or sales.

**Source:** [https://www.investopedia.com/terms/r/royalty.asp](https://www.investopedia.com/terms/r/royalty.asp)

## Quick Facts

| Property | Value |
|---|---|
| Term | Royalty |
| Language | EN |
| Word count | 37 |
| Last updated | 2026-01-28 |
| Source | https://www.investopedia.com/terms/r/royalty.asp |

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*Logistics Glossary — Freight Academy: [https://www.freight-academy.com/en/glossary/royalty](https://www.freight-academy.com/en/glossary/royalty)*

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