What is the meaning of feudalism?
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the dominant social system in medieval Europe, 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 (villeins or serfs) were obliged to live on their lord's land and give him homage, labour, and a share of the produce, notionally in exchange for military protection.
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Basically its a system where you get paid by the ruler of the land in terms of land for a particular millitary service. it is also a term used to refer to Western European social economical and political condition during the early middle ages
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