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Definition of royalty noun from the Oxford Advanced American Dictionary

     

    royalty

     noun
    noun
    NAmE//ˈrɔɪəlti//
     
    (pl. royalties)
     
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  1. 1[uncountable] one or more members of a royal family The gala evening was attended by royalty and politicians. We were treated like royalty. Hollywood royalty (= very famous movie stars)
  2. 2[countable, usually plural] a sum of money that is paid to someone who has written a book, piece of music, etc. each time that it is sold or performed All royalties from the album will go to charity. She received $2,000 in royalties. a royalty payment
  3. 3[countable, usually plural] a sum of money that is paid by an oil or mining company to the owner of the land that they are working on
See royalty in the Oxford Advanced Learner's Dictionary