Pass-Through Rights
Pass-Through Rights Type: noun Pronunciation: /pass-thru-rights/ Also spelled or known as: Flow-Through Rights Related: Licensing Rights What does Pass-Through Rights mean? Rights allowing a licensee or contracting party to extend certain licensed rights to authorized third parties under specified conditions. These provisions commonly appear in distribution, software, synchronization, and publishing agreements. Pass-Through Rights synonyms: Flow-Through […]
Passive
Passive Type: noun Pronunciation: /pass-tive/ Opposite: Active What does Passive mean? A device with its own built-in power amplifier. Passive is used to describe a device that requires a separate power amplifier to power them. The opposite of active. Example sentence: “The older device is passive.”
Passive Royalties
Passive Royalties Type: noun Pronunciation: /pas-iv-roy-al-teez/ Also spelled or known as: Passive Income Royalties Plural: Passive 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 […]