Feudalism

Medieval European political organization, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants were obliged to live on their lord’s land and give him homage, labor, and a share of the produce.

Merriam-Webster Online Dictionary
feudalism (noun)
1.
the system of political organization prevailing in Europe from the 9th to about the 15th centuries having as its basis the relation of lord to vassal with all land held in fee and as chief characteristics homage, the service of tenants under arms and in court, wardship, and forfeiture
2.
any of various political or social systems similar to medieval feudalism