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.
(Use =IF(D4=,,default value) if your version of Excel separates function arguments with commas.) Translation: If the row 4 is not filled in, then the result is blank so nothing is shown. If the row 4 is filled and the user has entered a value in column D, then your default value is shown.