Type: noun
Pronunciation: /pas-iv-roy-al-teez/
Also spelled or known as: Passive Income Royalties
Related: Royalties, Mailbox Money
What does Passive Royalties mean? Royalty income earned without actively performing ongoing work.
Examples include publishing royalties, neighboring rights royalties, and catalog income.
Passive Royalties synonyms: Passive Income Royalties, Catalog Royalties, Residual Royalties, Mailbox Money
Example sentence: “The songwriter earns passive royalties from old hits.”
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