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Noun: royalty  roy-ul-tee
  1. Payment to the holder of a patent, copyright or resource for the right to use their property
    "he received royalties on his book"
  2. Royal persons collectively
    "the wedding was attended by royalty";
    - royal family, royal line, royal house
  3. The rank, status, power or authority of a monarch
  4. A royal right or prerogative, such as the exploitation of a natural resource; the granting of or payment for such a right

Derived forms: royalties

Type of: house, payment

Encyclopedia: Royalty, Texas