Royalty

Pronunciation

• UK IPA: /ˈɹɔɪəlti/

Origin

From Old French roialté.

Full definition of 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 on his property.
5. (by extension) payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
6. (poker, slang) A king and a queen as a starting hand in Texas hold 'em