Meaning of “royalty” in the English Dictionary

"royalty" in English

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(Definition of “royalty” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"royalty" in American English

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us /ˈrɔɪ·əl·ti/

royalty noun (PEOPLE)

[ U ] kings or queens and their families as a group, or the rank or power of these people:

They treated her like royalty.

royalty noun (PAYMENT)

[ C usually pl ] a payment made esp. to writers and musicians every time their books or songs are bought or used by others

(Definition of “royalty” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"royalty" in Business English

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royaltynoun [ C, usually plural ]

uk /ˈrɔɪəlti/ us plural royalties

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

(Definition of “royalty” from the Cambridge Business English Dictionary © Cambridge University Press)