Baronetcy
/ˈbærənətsi/
Definition 1 of 1
Pro Tip 1/3Hereditary Position
A baronetcy is passed down through family, usually from father to son. 
After his father's passing, Henry became the holder of the family baronetcy.
Pro Tip 2/3British Origin
Baronetcy is a British hereditary honor and not used in all English-speaking countries. 
My uncle holds an old English baronetcy that dates back to the 1600s.
Pro Tip 3/3Non-Peerage Title
Although noble, a baronetcy is below the rank of a lord and not part of the peerage system. 
Being a baronet, he couldn't sit in the House of Lords, but he did have a coat of arms.