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.
So for example, Excel might format it as 2-Feb. If you change your date setting in Control Panel, the default date format in Excel will change as well. If you donât like the default date format, you can pick a different one in Excel, like February 2, 2012 or 2/2/12.