› FINANCE a payment made to a writer, musician, inventor, etc. every time something they have created or invented is bought or used by others: Gross royalties from university inventions dropped from $23.1 million to $16.8 million. a royalty payment Internet radio companies reached a 10-year music royalty agreement with copyright holders.
› FINANCE, NATURAL RESOURCES, PROPERTY an amount of money paid to land owners when oil, coal, etc. is taken from their land