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royalty

roy·al·ty [ róy əltee ] (plural roy·al·ties)


noun 
Definition:
 
1. royal person or people: a king, queen, or other member of a monarch's family, or members of a royal family generally
an adviser to royalty and prime ministers

2. royal person's status: the status or authority of a king, queen, or other member of a monarch's family

3. percentage of income paid to creator: a percentage of the income from a book, piece of music, or invention that is paid to the author, composer, or inventor ( often used in the plural )
still living on the royalties from her first novel

4. mining company's payment to landowner: money paid to a landowner by a company taking minerals, oil, or gas from his or her land ( often used in the plural )

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