Net Artist Rate
Type: noun
Pronunciation: /net-ar-tist-rayt/
Also spelled or known as: Net Royalty Rate
Plural: Net Artist Rates
Related: Artist Royalty
What does Net Artist Rate mean? The royalty percentage payable to an artist after contractual deductions, reductions, or adjustments have been applied.
The net artist rate may differ from the stated royalty rate because of packaging deductions, reserves, recoupment, or other contractual provisions.
Net Artist Rate synonyms: Net Royalty Rate, Net Artist Royalty, Effective Royalty Rate
Example sentence: “The contract specified a net artist rate of sixteen percent.”
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