Royalty

noun, plural royalties.
1.
royal persons collectively.
2.
royal status, dignity, or power; sovereignty:
to be elevated to royalty.
3.
a person of royal lineage; member of a royal family.
4.
royalties, Archaic. prerogatives, rights, or symbolic emblems of a king, queen, or other sovereign.
5.
a royal domain; kingdom; realm.
6.
character or quality proper to or befitting a sovereign; nobility.
7.
a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
8.
an agreed portion of the income from a work paid to its author, composer, etc., usually a percentage of the retail price of each copy sold.
9.
a royal right, as over minerals, granted by a sovereign to a person or corporation.
10.
the payment made for such a right.
noun (pl) -ties
1.
the rank, power, or position of a king or queen
2.

royal persons collectively
one who belongs to the royal family

3.
any quality characteristic of a monarch; kingliness or regal dignity
4.
a percentage of the revenue from the sale of a book, performance of a theatrical work, use of a patented invention or of land, etc, paid to the author, inventor, or proprietor

royalty definition

A payment made for some right or privilege, as when a publisher pays a royalty to an author for the author’s granting the publisher the right to sell the author’s book.