royalty
🇺🇸
/ˈrɔɪəlti/
🇬🇧
/ˈrɔɪəlti/
a member of a royal family, like a king, queen, or prince
The royalty attended the grand ceremony in elegant attire.
money paid to creators when their work is sold or used
The author receives royalty payments each time her book is sold.
money paid to landowners by companies using their resources
The oil company pays a royalty to the landowner for drilling rights.