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.
Definition: The default mode for text entry in Microsoft Word. When text is entered in the document, text to the right of the cursor is preserved but pushed to the right. The other mode, overwrite, replaces existing text with the text that is being entered.