IPA: /ˈfriːˌhoʊldər/
KK: /ˈfriːˌhoʊldər/
A person who owns land or property outright, without any time limit on ownership.
The freeholder decided to renovate the old building on his property.
Freeholder → It is formed from "free" (from Old English "freo", meaning not in bondage or liberated) and "holder" (from Old English "healdan", meaning to hold). A freeholder is someone who holds land or property without any obligations to a superior, thus being free in their ownership.
Think of someone who is 'liberated' ('free') and 'holds' property — a freeholder is someone who owns land without restrictions.