royalty

noun (plural royalties)

• 1 [mass noun] people of royal blood or status:diplomats, heads of state, and royalty shared tables at the banquet
• a member of a royal family:she swept by as if she were royalty
• the status or power of a king or queen:the brilliance of her clothes, her jewels, all revealed her royalty
• the most successful, famous, or highly regarded members of a particular group:it’s not often you meet real Hollywood royalty, let alone chat to Angelina Jolie and Dustin Hoffman in one day

• 2a sum paid to a patentee for the use of a patent or to an author or composer for each copy of a book sold or for each public performance of a work: the royalties paid to writers for recorded music

• 3a royal right (now especially over minerals) granted by the sovereign to an individual or corporation.
• a payment made by a producer of minerals, oil, or natural gas to the owner of the site or of the mineral rights over it.