royalty

noun

1. 1.The rank, status, power or authority of a monarch.
2. 2.People of royal rank, plus their families, treated as a group.
3. 3.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.
4. 4.The payment received by an owner of real property for exploitation of mineral rights in the property.
5. 5.(by extension) Payment made to a writer, composer, inventor etc for the sale or use of intellectual property, invention etc.