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Subsidiary Right
A subsidiary right (also called a subright or sub-lease) is the right to produce or publish a product in different formats based on the original material. Subsidiary rights are common in the publishing and entertainment industries, in which subsidiary rights are granted by the author to an agent, publisher, newspaper, or film studio. The holder of these rights can either exercise Exercise is a body activity that enhances or maintains physical fitness and overall health and wellness. It is performed for various reasons, to aid growth and improve strength, develop muscles and the cardiovascular system, hone athletic ... these rights on their own or can lease or transfer the rights to others. Subsidiary rights can include the rights to publish different formats of the same work (i.e. hardcover, paperback, mass market, audio, and electronic books), to create and publish translations of a work, to publish editions in different countries or regions, to publish an audiobook versi ...
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Exercise (options)
The owner of an option contract has the right to exercise it, and thus require that the financial transaction specified by the contract is to be carried out immediately between the two parties, whereupon the option contract is terminated. When exercising a call option, the owner of the option purchases the underlying shares (or commodities, fixed interest securities, etc.) at the strike price from the option seller, while for a put option, the owner of the option sells the underlying to the option seller, again at the strike price. Styles The option style, as specified in the contract, determines when, how, and under what circumstances, the option holder may exercise it. It is at the discretion of the owner whether (and in some circumstances when) to exercise it. * European – European-style option contracts may only be exercised at the option's expiration date. Thus they can never be worth more than an American-style option with the same underlying strike price and expiration d ...
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Audiobook
An audiobook (or a talking book) is a recording of a book or other work being read out loud. A reading of the complete text is described as "unabridged", while readings of shorter versions are abridgements. Spoken audio has been available in schools and public libraries and to a lesser extent in music shops since the 1930s. Many spoken word albums were made prior to the age of cassettes, compact discs, and downloadable audio, often of poetry and plays rather than books. It was not until the 1980s that the medium began to attract book retailers, and then book retailers started displaying audiobooks on bookshelves rather than in separate displays. Etymology The term "talking book" came into being in the 1930s with government programs designed for blind readers, while the term "audiobook" came into use during the 1970s when audiocassettes began to replace phonograph records. In 1994, the Audio Publishers Association established the term "audiobook" as the industry standard. H ...
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Book Sales Club
A book sales club is a subscription-based method of selling and purchasing books. It is more often called simply a book club, a term that is also used to describe a book discussion club, which can cause confusion. How book sales clubs work Each member of a book sales club agrees to receive books by mail and pay for them as they are received. This may be done by means of negative option billing, in which the customer receives an announcement of the book, or books, along with a form to notify the seller if the customer does not want the book: if the customer fails to return the form by a specified date, the seller will ship the book and expect the customer to pay for it. Alternatively, the business may operate via a "positive option", in which the customer is periodically sent a list of books offered, but none is sent until the customer specifically orders them. The offer of a free book, often a large one, is a frequent enticement to membership. The Compact Edition of the ''Oxford En ...
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