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A fee paid for the use of another person’s property, for example a copyrighted work, a patentAn official document which grants an inventor or manufacture..., a franchiseAn authorization or licence., etc. A payment made to a writer, composer or singer when a book, CD or performance of their work is sold. A shareAny of the equal units into which a company's capital stock ... of the profit paid to the owner of the land which an oil or mining company is leasing.