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From: Webster's Revised Unabridged Dictionary (1913)

 Roy·al·ty n.; pl. Royalties
 1. The state of being royal; the condition or quality of a royal person; kingship; kingly office; sovereignty.
    Royalty by birth was the sweetest way of majesty.   --Holyday.
 2. The person of a king or sovereign; majesty; as, in the presence of royalty.
    For thus his royalty doth speak.   --Shak.
 3. An emblem of royalty; -- usually in the plural, meaning regalia. [Obs.]
 Wherefore do I assume
 These royalties, and not refuse to reign?   --Milton.
 4. Kingliness; spirit of regal authority.
 In his royalty of nature
 Reigns that which would be fear'd.   --Shak.
 5. Domain; province; sphere.
 6. That which is due to a sovereign, as a seigniorage on gold and silver coined at the mint, metals taken from mines, etc.; the tax exacted in lieu of such share; imperiality.
 7. A share of the product or profit (as of a mine, forest, etc.), reserved by the owner for permitting another to use the property.
 8. Hence Com., a duty paid by a manufacturer to the owner of a patent or a copyright at a certain rate for each article manufactured; or, a percentage paid to the owner of an article by one who hires the use of it.