Definition of the word royalty

The word "royalty" originates from the Old French word "roialté," which is derived from the Latin term "regalitas." This Latin term is composed of "regalis," meaning "royal," and the suffix "-itas," which forms an abstract noun indicating a quality or condition. In the 14th century, the term "roialté" was used to describe the highest level of nobility, particularly the royal family. Over time, the term has expanded to include not only the royal family but also the descendants of royalty, as well as the income or revenue generated by a work or invention. Today, the term "royalty" is used in various contexts, including entertainment, literature, and industry, to refer to the rights and payments due to the creators or owners of intellectual property.