peerage
From Longman Dictionary of Contemporary EnglishRelated topics: Governmentpeeragepeer‧age /ˈpɪərɪdʒ $ ˈpɪr-/ noun 1 → the peerage2 [countable]PG the rank of a British peerExamples from the Corpuspeerage• In February 1921 he gave up office and soon afterwards he accepted a peerage and retired from active politics.• Mo Mowlam, the retiring Cabinet Office minister, is believed to have refused a peerage.• Members of the House of Lords sat by virtue of birth, holding hereditary peerages.• I earn my first of these by commenting that there were a few raised eyebrows when his peerage was announced last June.• With union, new peerages came into being.• Prior to union, each kingdom had its own peerage.