royalty (n.) Look up royalty at Dictionary.com
c.1400, "office or position of a sovereign," also "magnificence," from or modeled on Old French roialte (12c., Modern French royauté), from Vulgar Latin *regalitatem (nominative *regalitas), from Latin regalis (see royal). Sense of "prerogatives or rights granted by a sovereign to an individual or corporation" is from late 15c. From that evolved more general senses, such as "payment to a landowner for use of a mine" (1839), and ultimately "payment to an author, composer, etc." for sale or use of his or her work (1857). Compare realty.