royalty
noun
                                                                                                                            
                                                            roy·al·ty
                    
                                                                                                              
                                                                                                                                  ˈrȯi(-ə)l-tē  
                                                      
                                                          
            
            
               plural royalties            
        
    1
                    
        a
    
          
                                          
              
          
                                                      : royal status or power : sovereignty                                      
                
                    
        b
    
          
                                          
              
          
                                                      : a right or perquisite of a sovereign (such as a percentage paid to the crown of gold or silver taken from mines)                                      
                
                    
2
                    
                                          
              
          
                                                      : regal character or bearing : nobility                                      
                
                    
3
                    
        a
    
          
                                          
              
          
                                                      : persons of royal lineage                                      
                
                    
        b
    
          
                                          
              
          
                                                      : a person of royal rank                                      
              
                             
how to address royalties— George Santayana
George Santayana
                         
                
                    
        c
    
          
                                          
              
          
                                                      : an elite class                                      
                
                    
4
                    
                                          
              
          
                                                      : a right of jurisdiction granted to an individual or corporation by a sovereign                                      
                
                    
5
                    
        a
    
          
                                          
              
          
                                                      : a share of the product or profit reserved by the grantor especially of an oil or mining lease                                      
                
                    
        b
    
          
                                          
              
          
                                                      : a payment to an author or composer for each copy of a work sold or to an inventor for each item sold under a patent                                      
                
                    
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  Merriam-Webster unabridged




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