Glossary
Returns
Returns: Returns are units of licensed product sold and subsequently returned by the customer (wholesale retailer or consumer). The royalty on returned units is typically reversed — applied as a credit against future royalties or trued up retroactively. Returns lag is the time between original sale and return posting.
// Related terms
Related glossary terms
// Get Started
See how Royalty Reporting handles returns.
Walk through royalty calculation, advance recoupment, statement generation, and audit trail in a 30-minute demo with our team.