Source : Webster's Revised Unabridged Dictionary (1913)

Freehold \Free"hold`\, n. (LAw)
   An estate in real property, of inheritance (in fee simple or
   fee tail) or for life; or the tenure by which such estate is
   held. --Kent. Burrill.

   {To abate into a freehold}. See under {Abate}.

Source : WordNet®

freehold
     n 1: an estate held in fee simple or for life
     2: tenure by which land is held in fee simple or for life