Ultimate Graphic Design Masterclass!- Guide to Great Design!

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.

A web template is a pre-built layout sold as permission to use it in one end product, delivered either as flat files you adapt or as a theme wired into a content management system and its release cycle.