The amount payable to a person as consideration for the use of rights vested in him is
A)Dividend
B)Royalty
C)Purchase consideration
D)Installment

Name: The amount payable to a person as consideration for the use of rights vested in him is A)Dividend B)Royalty C)Purchase consideration D)Installment
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Question

Quizplus · Accepted Answer

Royalty is the amount paid to a person for the use of their intellectual property or resources, such as patents, copyrights, trademarks, or natural resources.

The Amount Payable to a Person as Consideration for the Use