A baronet is a hereditary title in the United Kingdom, ranking below a baron but above a knight. The title is conferred by the monarch and is often passed down through generations. Baronets are addressed as "Sir" followed by their first name, and they can use the title "Baronet" after their name. Baronets are part of the British nobility and are listed in the Baronetage, which is a register of all baronets. The title does not confer any special privileges in terms of governance or land ownership, but it is a mark of honor and social status within British society.