What is the meaning of Royalty?

The rank, status, power or authority of a monarch.

People of royal rank, plus their families, treated as a group.

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.

The payment received by an owner of real property for exploitation of mineral rights in the property.

Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.

Someone in a privileged position.

A king and a queen as a starting hand in Texas hold 'em.

The bounds of a royal burgh.

royalty (all senses)

royalty (payment)

a royalty

a royalty

Source: wiktionary.org