royalty
//ˈrɔɪ.əl.ti//
Noun
royaltySingular
royaltiesPlural
1
Members of a royal family, especially the king or queen and their relatives.
The museum was once visited by royalty.
2
The status, power, or authority associated with being a king or queen.
The prince was next in line for royalty.
3
A payment made to an author, musician, or inventor for each copy of their work sold or for each use of their patent.
The author receives royalties for every book sold.