Statutory Rate
Statutory Rate Type: noun Pronunciation: /stat-yoo-tor-ee-rayt/ Also spelled or known as: Legal Royalty Rate Plural: Statutory Rates Related: Statutory Mechanical Royalty Rate What does Statutory Rate mean? A royalty rate set by law or regulation. In music, Statutory Rate often refers to legally established mechanical royalty rates for certain uses. Statutory Rate synonyms: Legal Royalty […]