Retroactive Royalties
Type: noun
Pronunciation: /ret-roh-ak-tiv-roy-al-teez/
Also spelled or known as: Back Royalties
Related: Royalties
What does Retroactive Royalties mean? Royalties paid for past usage or earlier periods.
Retroactive Royalties may be owed after corrected metadata, audits, rate changes, registrations, or settlement agreements.
Retroactive Royalties synonyms: Back Royalties, Past Royalties, Retroactive Payments
Example sentence: “The songwriter received retroactive royalties after the registration was corrected.”
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