Freehold (noun)

1. An estate or property that is owned outright.
2. A type of property ownership in which the owner has the right to possess, use, and transfer the property for an unlimited period of time.
3. An interest in land that is not subject to a lease.

Origin:

The term 'freehold' is believed to have originated in the middle ages in england and is derived from the old english word 'frithhald' which means a 'hold in peace'. it referred to a type of land ownership that was free from feudal obligations.

Examples:

1. The freehold property was passed down from generation to generation.
2. The freehold estate was the source of the family's wealth.
3. The freehold ownership of the land gave the farmer the right to do as he pleased.
4. The freehold of the building allowed the owner to make any changes he wanted.
5. The freehold status of the property made it a valuable investment.