royalty

Short definition from Wiktionary

Noun

1. 1
   The rank, status, power or authority of a monarch.
2. 2
   People of royal rank, plus their families, treated as a group.
3. 3
   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.
4. 4
   The payment received by an owner of real property for exploitation of mineral rights in the property.
5. 5
   Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
6. 6
   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.
7. 7
   Someone in a privileged position.
8. 8
   A king and a queen as a starting hand in Texas hold 'em.
9. 9
   The bounds of a royal burgh.

Proper noun

1. 1
   A surname.