Feudal System

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Definition: Feudal System

Feudal System
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Full Definition of Feudal System

A system of ownership usually associated with pre-colonial England, in which the king or other sovereign is the source of all rights. The right to possess real property was granted by the sovereign to an individual as a life estate only. Upon the death of the individual, title passed back to the sovereign, not to the decedent’s heirs.

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Feudal System. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/feudal-system/.
Chicago Manual of Style (CMS):
Feudal System. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/feudal-system/ (accessed: April 16, 2024).
American Psychological Association (APA):
Feudal System. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/feudal-system/

Definition Sources

Definitions for Feudal System are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.