In other words, if others use your work to make money, you get money. Royalties are payments for use of intangible works (not services). You can also receive royalty income through investment in a mineral operation, like gas or oil. You can negotiate your royalties in different ways.
Default definition. What is a default option? In computer science , the word Default refers to a setting or value automatically assigned to a computer program or device, outside of user intervention. In other words, this is the original setting as done by the software manufacturers.
An omission; a failure to do that which is anticipated, expected, or required in a given situation. Default is distinguishable from Negligence in that it does not involve carelessness or imprudence with respect to the discharge of a duty or obligation but rather the intentional omission or nonperformance of a duty. To default on a debt is to fail to pay it upon its due date.