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English definition of “royalty”

royalty

noun [C usually plural] (PAYMENT)    /ˈrɔɪ.əl.ti/ US  /-t̬i/
a payment made to writers, people who have invented things, owners of property, etc. every time their books, devices, land, etc. are bought or used by othersEarning money and money earned
(Definition of royalty noun (PAYMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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