|—n , pl -ties|
|1.||the rank, power, or position of a king or queen|
|2.||a. royal persons collectively|
|b. one who belongs to the royal family|
|3.||any quality characteristic of a monarch; kingliness or regal dignity|
|4.||a percentage of the revenue from the sale of a book, performance of a theatrical work, use of a patented invention or of land, etc, paid to the author, inventor, or proprietor|
A payment made for some right or privilege, as when a publisher pays a royalty to an author for the author's granting the publisher the right to sell the author's book.
in law, the payment made to the owners of certain types of rights by those who are permitted by the owners to exercise the rights. The rights concerned are literary, musical, and artistic copyright; patent rights in inventions and designs; and rights in mineral deposits, including oil and natural gas. The term originated from the fact that in Great Britain for centuries gold and silver mines were the property of the crown; such "royal" metals could be mined only if a payment ("royalty") were made to the crown
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