royalty

Definitions

• The rank, status, power or authority of a monarch.
• People of royal rank, plus their families, treated as a group.
• A royal right or prerogative, such as the exploitation of a natural resource; the granting of such a right; payment received for such a right.
• The payment received by an owner of real property for exploitation of mineral rights in the property.
• (by extension) Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
• (figuratively) Someone in a privileged position.
• (poker) A king and a queen as a starting hand in Texas hold 'em.
• (Scotland) The bounds of a royal burgh.