Etymology
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freehold (n.)

"landed estate in possession of a freeman," late 15c., later generalized to any outright ownership of land, a translation of Anglo-French fraunc tenement; see free (adj.) + hold (n.1).

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Definitions of freehold

freehold (n.)
an estate held in fee simple or for life;
freehold (n.)
tenure by which land is held in fee simple or for life;
From wordnet.princeton.edu