- The power granted to an individual or company by a ruler or sovereign entity
- The portion of profit or produced goods set aside as payment by the provider, particularly in oil or mineral leases
- 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
- Because she invented the product, she receives royalty for every unit sold.
- The band negotiated a beneficial royalty agreement for their hit song.
- The mining company pays a substantial amount in royalty for the minerals they extract.