royalty
noun
plural royalties
Definition of royalty
1a
: royal status or power : sovereignty
b
: a right or perquisite of a sovereign (such as a percentage paid to the crown of gold or silver taken from mines)
2
: regal character or bearing : nobility
3a
: persons of royal lineage
b
: a person of royal rank
how to address royalties— George Santayana
c
: an elite class
4
: a right of jurisdiction granted to an individual or corporation by a sovereign
5a
: a share of the product or profit reserved by the grantor especially of an oil or mining lease
b
: a payment to an author or composer for each copy of a work sold or to an inventor for each item sold under a patent
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