Crossword Genius

Arrange some royalties for Elizabeth (6)

Ross

I believe the answer is:

taylor

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'elizabeth' is the definition.
Both the definition and answer are singular nouns.
Maybe they are linked in a way I don't understand?

I don't understand the remainder of the clue.

Can you help me to learn more?

(Other definitions for taylor that I've seen before include "Elizabeth -, actress" , "Elizabeth ......, much-married movie star" , "Elizabeth -; A.J.P. -" , "12th US president, Zachary" , "Hollywood actress" .)

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