noun

royalty

royalty, royalties, regality

The event was attended by royalty.

The event was attended by royalty.

The author receives a royalty on each book sold.

The author receives a royalty on each book sold.

((royalty)) [uncountable] royal people The event was attended by royalty.

((a royalty)) ((on sth.)) [countable] a payment for use of property He gets a royalty on every copy sold.

Synonyms: (people) nobility, aristocracy; (payment) commission, fee

From 'royal' plus the suffix '-ty', which denotes a quality or condition.

Remember that 'royal' people might receive a 'royalty' payment. This connects the two main meanings.

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