noun
baronet
BAIR-uh-nuht/ˈbærənət/
A holder of a hereditary British title ranking below a baron and above a knight.
The baronet holds a family document bearing his title, Sir.

Etymology
The diminutive makes baronet a 'lesser baron,' originally a younger or lesser holder of that rank. It became a distinct hereditary title below baron and above knight.
In context
a baronet is like a hereditary knighthood sort of it's in the british system but it's not considered noble
More examples
- A baronet was addressed as Sir.
- The portrait showed the baronet beside his family arms.
- The estate had belonged to a baronet.
Forms
baronet · baronets
baronetcy noun — the rank or title of a baronet