Like advances from record companies, this will be recoupable out of future royalties.

The fee: $3,000, which would be an advance on future royalties.

Clephane would finance the project for 50% of any future royalties.

Those bonds were backed by estimated future royalties for the rock star.

But that depends on how much the future royalties will be.

Rather, they pay an initial fee that was not disclosed and future royalties.

Later they sold it to Robins for $750,000 plus future royalties.

In 1988, it arranged a complex financial transaction, selling its rights to the park's future royalties.

The right to future royalties was therefore returned to Fisher.

"The fee is not deductible against anything, like future royalties," he said.