Definition of "royalty"
noun:
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The rank, status, power or authority of a monarch.
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People of royal rank, plus their families, treated as a group.
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A royal right or prerogative, such as the exploitation of a natural resource; the granting of such a right; payment received for such a right.
from Wiktionary, Creative Commons Attribution/Share-Alike License -
The payment received by an owner of real property for exploitation of mineral rights on his property.
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Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
from Wiktionary, Creative Commons Attribution/Share-Alike License -
A king and a queen as a starting hand in Texas hold 'em.
from Wiktionary, Creative Commons Attribution/Share-Alike License
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