11. The interest which a person has in real property is called an "estate."
The term "estate," in its technical sense, is used only in connection with real property. There can properly be no estates in personalty. "Estate" merely signifies the interest which the tenant has in the land he holds. This interest may be as absolute as the ownership of personalty, or it may be for a limited time, or qualified by conditions. Under the feudal system only the king could have absolute ownership of land, since all others held their land under him. The technical use of the word "estate" is to be distinguished from "estate" as meaning things owned,1 or the ag gregate of a man's property as an entity,-for example, a "decedent's estate."