What is the meaning of Royalty?

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.

Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.

To make more money from a book than it cost to run an advertising campaign for it; to make enough in royalties to cover the advance a book received.

Someone in a privileged position.

A king and a queen as a starting hand in Texas hold 'em.

The bounds of a royal burgh.

royalty (all senses)

royalty (payment)

a royalty

a royalty

royalty (amount paid to the holder of a patent or registered trademark, or to the author of a work, in order to allow its use and commercialization)

royalty (payment made to the owner as compensation or indemnity for the use of the land where oil is explored or some mining activity is carried out)

Source: wiktionary.org