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.
Wiktionary(3.50 / 2 votes)Rate this definition: 1  default(Noun) The condition of failing to meet an obligation. 2  default(Noun) the original software programming settings as set by the factory. 3  default(Noun) A loss incurred by failing to compete. 4  default(Noun) A selection made in the absence of an alternative.