The term "Baronetage" refers to a system of hereditary titles in the United Kingdom, specifically the rank of baronet. A baronet is a person who has been granted a baronetcy, which is a title that is not part of the peerage but is still considered a form of nobility. Baronets are addressed as "Sir" and their titles can be passed down to their male heirs. The Baronetage was established in 1611 by King James I as a means to raise funds for the crown. The list of baronets is maintained in the Baronetage of England, which includes details about each title and its holders. Baronets often play a role in local and national affairs, contributing to the social and cultural fabric of British society.