Frequently asked questions
What is a rubber check in accounting?
A rubber check is a bounced check that cannot be processed because there isn`t enough money in the account.
What is a royalty in intellectual property?
A royalty is a fee paid to the owner of intellectual property for permission to use it, such as a patent, trademark, or copyright.
What is the meaning of royalty payment?
It’s a payment made to use someone else’s resource or property.