Definitions of "royalty"
  1. The power granted to an individual or company by a ruler or sovereign entity
  2. The portion of profit or produced goods set aside as payment by the provider, particularly in oil or mineral leases
  3. A specific payment allotted to a creator, such as a writer or composer, for every copy of their work sold, or to an inventor for each item sold under their patent
How to use "royalty" in a sentence
  1. Because she invented the product, she receives royalty for every unit sold.
  2. The band negotiated a beneficial royalty agreement for their hit song.
  3. The mining company pays a substantial amount in royalty for the minerals they extract.

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