A Baronet is a hereditary title in the British nobility, ranking below a baron but above a knight. The title was created in the early 17th century and is often conferred by the monarch. Unlike peerages, baronets do not have seats in the House of Lords, but they are entitled to use the prefix "Sir" before their name. Baronets are typically addressed as "Sir" followed by their first name and surname. The title can be passed down to male heirs, making it a hereditary honor. The first baronetcy was created in 1611, and the title remains a part of the British honor system today, alongside other titles like Duke, Marquess, and Earl.