What are two different stock image licenses? How are they different?

Question

anonymous · Answer

Royalty Free Liscense
The most popular, and most affordable license type for stock photos is royalty free (or RF). Royalty free means you can use the image multiple times, without paying a royalty. This is the best choice for budget-minded designers and marketers. The downside of royalty free is that RF images are non-exclusive, meaning anyone can purchase and use them. Royalty free images have the most lenient permissible uses for both commercial and personal projects.

Rights Managed Lisence
A rights managed (or RM) license gives exclusive, time-limited use of a stock image. Exclusive use means that only the licensee can use the image for the period specified in the license contract. RM licenses are granted on a pay-per-use basis, meaning the stock image can only be used for one particular project, only for a set period of time, and often only in certain geographical areas. Rights managed images are expensive to license, but they offer protection against brand dilution (due to competitors using the same image) and allow for larger print runs.

anonymous · Answer

thank u very much I appreciate it