The Baronetage of the United Kingdom is a hereditary title awarded by the British monarch. It ranks below a baron but above a knight, and it is one of the oldest forms of British nobility. Baronets are addressed as "Sir" and can pass their title to their male heirs, making it a family honor. Introduced in the early 17th century, the baronetcy was created to raise funds for the crown. The title does not confer peerage, meaning baronets do not have seats in the House of Lords. Today, the baronetage remains a symbol of historical prestige and social status in the UK.