Royalty interest

{
  "id": "MLC-T-INS-003005",
  "term": "Royalty interest",
  "field": "Insurance and risk management",
  "definition": "A right to a share of the production from a natural resource property, free of the costs of production. This interest is commonly found in oil, gas, and mineral leases, where the owner of the land receives a percentage of the revenue from extracted resources. It represents an ownership stake in the production itself, rather than in the operating company or the land.",
  "url": "https://mlchart.com/terminology/insurance/royalty-interest/"
}