What is the term for the payment made to an individual as compensation for the utilization of rights owned by them?

Explanation

The correct answer is Royalty. Royalty refers to the payment made to someone for the use of rights they possess, such as intellectual property or land rights. Profit share (dividend) is a distribution of earnings to shareholders and does not relate to rights usage. Sale price (purchase consideration) is the amount paid to acquire ownership of an asset, not for using rights. Partial payment (installment) is a method of paying a sum in parts and does not denote payment specifically for rights usage.