Royalty

{
  "id": "MLC-T-ENV-024576",
  "term": "Royalty",
  "field": "Environment",
  "definition": "A share of the product or profit reserved by the owner for permitting another to use the property. A lease by which the owner or lessor grants to the lessee the privilege of mining and operating the land in consideration of the payment of a certain stipulated royalty on the mineral produced.",
  "references": [
    "IRS Coal Excise Tax - Appendix I, Glossary of Mining Terms"
  ],
  "url": "https://mlchart.com/terminology/environment/royalty/"
}