roy·al·ty 
/ˈrojəlti/ noun
plural roy·al·ties /ˈrojəlti/ noun 1 [noncount] : members of a royal family
▪ It was an honor and a privilege to dine with royalty. ▪ On our wedding day, we were treated like royalty. 2 [count] a : an amount of money that is paid to the original creator of a product, book, or piece of music based on how many copies have been sold — usually plural ▪ After he died, his family continued to collect royalties on/from his books. ▪ The book has earned $40,000 in royalties. ▪ royalty checks/payments for artists
b : an amount of money that is paid by a mining or oil company to the owner of the land the company is using — usually plural ▪ The company pays royalties to the government for drilling rights.
▪ It was an honor and a privilege to dine with royalty. ▪ On our wedding day, we were treated like royalty.
b : an amount of money that is paid by a mining or oil company to the owner of the land the company is using — usually plural ▪ The company pays royalties to the government for drilling rights.
