What is meaning of royalty?

Answer 1

The state of being royal; the condition or quality of a royal person; kingship; kingly office; sovereignty., The person of a king or sovereign; majesty; as, in the presence of royalty., An emblem of royalty; -- usually in the plural, meaning regalia., Kingliness; spirit of regal authority., Domain; province; sphere., That which is due to a sovereign, as a seigniorage on gold and silver coined at the mint, metals taken from mines, etc.; the tax exacted in lieu of such share; imperiality., A share of the product or profit (as of a mine, forest, etc.), reserved by the owner for permitting another to use the property., Hence (Com.), a duty paid by a manufacturer to the owner of a patent or a copyright at a certain rate for each article manufactured; or, a percentage paid to the owner of an article by one who hires the use of it.