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An upfront payment to a recording artist, against their future royalties; must be recouped before actual royalties flow to the artist.

An organization that tracks public performances or broadcasts of music and collects performance royalties on behalf of songwriters and publishers.

A legal agreement between an artist and a record label that specifies the rights and duties of each party regarding recording and distribution of the music.

A license issued by a PRO that allows a music user, such as a radio station or restaurant, to use any music in the organization's repertoire for a set fee.

A collection of works or recordings owned by an artist, songwriter, or record label, and the source of licensing and royalties.

The process by which a record company retrieves the advance money it paid to an artist, by collecting a portion of the artist's royalties.

A contract between an artist and a music label where the label shares in all revenue streams of the artist, not just record sales, including live performance, merchandise, and endorsements.

Percentage of an album's sales paid to the record producer as part of their compensation.

The process and timeline associated with the release of an album, including recording, promotion, touring, and sales.

A license granted by the owner of a music composition for its use in synchronization with visual media such as TV shows, movies, or commercials.

An illegal practice where record labels pay radio stations to play their music without disclosing the payments to the listeners.

An outdated term originating from when records were shipped and a percentage were assumed to break; sometimes still used to reduce royalties paid to artists.

Payments made to songwriters, composers, and artists when their music is used or sold, typically a percentage of the revenue earned.

A professional responsible for selecting and licensing the music used in media such as films, television shows, and video games.

Royalties paid to songwriters and publishers based on the sale of physical recordings or mechanical reproduction of their works.

A clause in record and publishing contracts allowing companies to apply royalties earned by an artist from one album to the advances of another, thus recouping expenses more quickly.

An agreement between a songwriter and publishing company, wherein the company promotes and licenses the songwriter's works in exchange for a share of the royalties.

The ownership rights to the original recording of a song, allowing the holder to use and license the recording.

A payment made for the permission to use a copyrighted musical work or recording for a specified purpose.