Knight's fee

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1.(Feudal Law) The fee of a knight; specif., the amount of land the holding of which imposed the obligation of knight service, being sometimes a hide{1}(b or less, sometimes six or more hides.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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The knight's fee was a unit of obligation (by this point primarily taxation) for land granted away.
Morgan was given a knight's fee at Duffryn near Newport, which formed the core of the Tredegar estate.
Two years later he was awarded Sark as a "noble fief", on condition that he kept it inhabited, had 40 men with muskets to defend the island and paid the Crown one 20th of a knight's fee annually