The Complete UX / UI Design Fundamentals Course

Font licensing sells permission for one named context of use at a time, so installing a family to make artwork, serving it to browsers, embedding it in software and using it on air are separate purchases rather than one.

A stock licence is the permission you buy when you download an asset, naming who may use it, inside which products, at what scale and until when, while copyright stays with whoever made it.

Royalty-free is a pricing arrangement in which one payment replaces the per-copy, per-view and per-year fees a licence could otherwise charge, and it decides nothing else about how the asset may then be used.