Royalty payment is a term used to describe the fees paid to a copyright holder for the usage of their intellectual property. Synonyms for royalty payments can vary depending on the specific context and industry. In the music industry, the term might be referred to as a performance or mechanical royalty. In the publishing industry, it could be called a license fee or author's fee. Furthermore, in the fashion industry, it can be referred to as a design fee or licensing fee. Regardless of the industry, the concept of royalty payment remains the same- it is a financial compensation paid to the owner of intellectual property for its use.