What is another word for royalty rate?
Pronunciation: [ɹˈɔ͡ɪə͡lti ɹˈe͡ɪt] (IPA) 
Royalty rates refer to the percentage of revenue received by the owner of an intellectual property in exchange for its use. However, there are several alternative terms used to describe this concept. A common synonym is licensing fee, which refers to the price paid for the right to use intellectual property. Another synonym is franchise fee, used specifically in the context of granting permission to use a business model or system. The term turnover rent is also used interchangeably with royalty rate, particularly in the context of retail lease agreements. Lastly, the term residual payment refers to the fee paid to the owner of intellectual property based on subsequent earnings from its use.
