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Word: royalty
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Meaning:
Noun:
- 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
- by extension payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.
- poker|slang A king and a queen as a starting hand in Texas hold 'em
- People of royal rank, plus their families, treated as a group.
- The payment received by an owner of real property for exploitation of mineral rights on his property.
- The rank, status, power or authority of a monarch.
Source: Wiktionary
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