royalty

noun

1. The rank, status, power or authority of a monarch.

2. People of royal rank, plus their families, treated as a group.

3. 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.

4. The payment received by an owner of real property for exploitation of mineral rights in the property.

5. Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.

6. figurativelySomeone in a privileged position.

7. pokerslangA king and a queen as a starting hand in Texas hold 'em.

8. Payment to the holder of a patent or copyright or resource for the right to use their property

   “he received royalties on his book”

9. Royal persons collectively

   “the wedding was attended by royalty”

   Similar: royal family, royal line, royal house