Royalty

Royalty refers to individuals who hold a high social rank in a monarchy, typically encompassing kings, queens, princes, and princesses. These individuals often inherit their positions and are seen as part of a royal family that usually has a historical or ceremonial role in governance and society. Royalty may possess certain privileges, duties, and responsibilities, such as participating in state functions, upholding traditions, and representing the nation both domestically and internationally. The term can also denote the state or condition of being royal, as well as the collective group of royals within a specific kingdom or empire. In a broader context, the term “royalty” can also refer to the rights of authors, musicians, inventors, or other creators to receive payments based on the use or distribution of their intellectual property.