Hereditary peerage

Definition and stakes

Various,  Chambers's Journal of Popular Literature…

“ And first, the reader is reminded that all hereditary titles of honour are known to the law by the name of incorporeal hereditaments, a term explained in ‘What is a Peer?’
A close analogy to the rules of real property law is observable in those which govern the creation, &c., of titles. Thus, we have heirs apparent and presumptive to honours as well as to estates; and this observation will introduce us to one feature in the etiquette of the peerage worthy of notice.
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Source: Gutenberg

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