Royalty
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British pronunciation/ɹˈɔ‍ɪə‍lti/
American pronunciation/ˈɹɔɪəɫti/
01

kings and queens and any member of their families

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02

a payment made to the author or creator of a work for each copy of the work that is sold

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Example
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The artist demanded royalties for the reproduction of their artwork.
Writers may get royalties for each copy sold of their published books.
Artists may license their music for use in commercials or films, receiving royalties in return.
In the presence of royalty, it is customary to doff one's hat as a sign of reverence.
The agreement stipulates that the artist will receive a royalty payment for each copy of the artwork sold.
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Meaning of "Royalty"
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