n.
British hereditary rank of honor, first created by James I in 1611 to raise money, ostensibly for support of troops in Ulster.
The baronetage is not part of the peerage, nor is it an order of knighthood. A baronet ranks below a baron but above all knights except a Knight of the Garter (see Order of the Garter ). The baronetcy is inherited by the male heirs of a baronet.