Definition of "royalty"
The rank, status, power or authority of a monarch.
People of royal rank, plus their families, treated as a group.
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.
The payment received by an owner of real property for exploitation of mineral rights on his property.
Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
A king and a queen as a starting hand in Texas hold 'em.